See my answer on how to do selective indexing in Bulbs without models...
And if you don't want to use the FulltextIndex as the default index (presumably for performance reasons), you can manually put the values to be indexed:
>>> from bulbs.neo4jserver import Graph, FulltextIndex
>>> from bulbs.element import Vertex
>>> index_name="fulltext_vertex"
>>> g = Graph()
>>> g.vertices.fulltext = g.factory.get_index(Vertex, FulltextIndex, index_name)
>>> james = g.vertices.create(name="James Thornton", city="Dallas")
>>> g.vertices.fulltext.put(james.eid, name=james.name)
>>> vertices = g.vertices.fulltext.query(name="James")
>>> vertices.next()
See...
And to automate the fulltext indexing behavior without making the fulltext index the default index, use a Bulbs Model and create a custom Graph object.
See my answer on how to customize Bulbs models...