Remember the following transformations of a function:

This transformation stretches the function over the vertical axis if c>1 and shrinks it if 0
If c is positive, the orientation is mantained, and if c is negative, the function is also flipped over (it shrinks if -1

This transformation moves the function vertically c units. It goes up if c>0 and down if c<0.
Therefore, starting with the absolute value function:

Multiply the function by 2:

Since 2>1, then this is a vertical stretching by a factor of 2.
Next, add 1:

This will translate the stretched absolute value function one unit upwards.
Therefore, the complete description of the transfromation would be:

Is a vertical stretching of the absolute value function by a factor of 2, translated 1 unit upwards.