Lacustrine mixed carbonate/siliciclastic sediment is an important type of oil and gas reservoir with significant potential. Although previous studies have investigated the sedimentary characteristics of the mixed depositional system in numerous oil and gas-bearing basins worldwide, a detailed sedimentary architecture model is still lacking for guiding reservoir characterization at the hydrocarbon reservoir scale. In this paper, a typical lacustrine mixed carbonate/siliciclastic sedimentary system, preserved in the lower member of the ShangGanchaigou Formation, Neogene, in the western Qaidam Basin, Western China, was deeply investigated based on well logging data from 640 wells, 438 m of cores from 3 core wells, and outcrop studies. The results demonstrate that 1) seven types of architecture elements, namely, distributary channel, channel mouth bar, distal bar, sheet-like sand, shallow water mud, algal mound, and marl flat characterized by different lithofacies associations, were recognized based on core and well logging data. 2) The lacustrine mixed carbonate/siliciclastic depositional system can be divided into three facies belts. Along the lakeward direction, the proximal facies belt is dominated by delta front deposits and characterized by gradually downstream bifurcating distributary channels and associated lateral amalgamated delta lobes. The middle facies belt is characterized by isolated and small-scale delta lobes and inter-lobe deposits, including sheet-like sand, small-scale algal mounds, and marl flats, and the distal facies belt is a combination of large-scale algal mounds and marl flats. 3) Within a depression, short-term base-level cycles controlled the facies belt transition, and the proximal, middle, and distal facies belts formed under relatively low, middle, and high base-level conditions, respectively. 4) The scale and connectivity of reservoirs gradually decreased from the proximal to the distal belt.