Auxetic metamaterials with peanut-shaped perforations are superior for durable morphing control applications due to its extremely low stress concentration level and controllable auxetic capability. However, there are some issues to be concerned for such metamaterials with complex cellular features, including (1) improving structure topology for higher material efficiency, (2) tunable Poisson's ratio from positive to negative, (3) characterization of full elastic properties. To this end, an improved lightweight design with orthogonal corrugated beams is proposed in this study to approximate the perforated auxetic structure and then its full anisotropic elastic constants are characterized by a distinctive computational homogenization model based on the eigenfunction expansion variational theory with simple implementation technique of periodic displacement constraints. The numerical model is verified by the experimental tests of three specimens with different geometrical topologies. Subsequently, the dependence of structural elastic responses on the microstructural configuration is highlighted towards an elevated understanding of cell-structure-property relationship. It is demonstrated that the local in-plane rotation of interconnected regions in unit cell under uniaxial loading contributes to the structural auxetic behavior. Also, it is feasible to achieve tailorable mechanical properties through flexible microstructural adjustment and a design criterion of the crucial zero Poisson's ratio is given by a polynomial in terms of the normalized amplitude and thickness of the curved beam. The results pave a way to the design and analysis of novel metamaterials with tunable mechanical properties.