We perform a study both statistical and theoretical for cosmological models of matter creation and their ability to describe effective phantom models of dark energy. Such models are beyond the ΛCDM model since the resulting cosmic expansion is not adiabatic. In fact, we show that this approach exhibits transient phantom/quintessence scenarios at present time and tends to the standard cosmological model at some stage of the cosmic evolution. We discuss some generalities of the thermodynamics properties for this type of cosmological model; we emphasize on the behavior of the temperature associated to dark matter, which keeps positive along cosmic evolution together with the entropy. The enrichment of this type of model by means of the incorporation of cosmological constant and dissipative effects in the fluid description to explore their cosmological consequences in the expansion of the Universe is considered. Finally, a generalization for the matter production rate as an inhomogeneous expression of the Hubble parameter and its derivatives is discussed; as in all the cases examined, such election leads to an effective phantom/quintessence behavior.