https://imgur.com/a/fMy19 is the finished product; http://www.thingiverse.com/thing:1524543 are the files I generated and used. They aren't truly accurate maps -- they do have the elevation exaggerated to be more visually interesting, but it's consistently scaled. Some people have gone on to print them w/ 3d printers (rumor is they're on the wall at Makerbot now).
If you made a globe with a 1 foot diameter, Mt. Everest should then be on about 0.2 millimeters above the surface (if you choose to represent sea level as the surface).
Edit: this problem is less dramatic if you make either models either of local regions, or extremely large models (because relative to the size of a region like the Bay Area, the highest elevations in the region are fairly high).