I still experience lust. And, while renunciation means to me giving up outbursts of anger in favor of a more considered, helpful response, I still recognize when I am annoyed. I believe that renunciation is more a question of not being bound by or being a victim of the lusts and desires and angers that naturally arise as the result of having a body. I believe this is the difference between a compulsion or an addiction, which is always burdensome, and the possibility of making conscious choices, which is not burdensome. I don't see renunciation as the difference between monastic and non-monastic lifestyles, but between being a victim of mind states, driven by compulsions, and being free to make a choice.
Restraint is a characteristic of renunciation.
I remember Joseph Goldstein, one of my teachers and my friend, saying that restraint allowed for the verification of the empty nature of sense desire. In thinking about restraint, the most mundane example comes to mind. I receive lots of mail order catalogs. Probably you do, too. Not infrequently, when I look through a catalog, I find something in it that I didn't want or need two minutes before.