Oh making simple races balanced against standard races is tricky. I think the easiest way to do this is to simply give more stat pumps in lieu of race features. I have no idea if this is balanced:
Dwarf: +2 CON, +2 STR, +2 WIS, Darkvision
Elf: +2 DEX, +2 INT, +2 WIS, Trance, Fey Ancestry...