We theoretically demonstrate the propagating performance of twin beams generated in a Sagnac fiber loop by developing a practical model of optical parametric loop mirror consisting of an optical coupler with adjustable splitting ratio, a nonlinear fiber, a dispersion element, and two tunable attenuators placed at different positions in the loop. Two situations of frequency degenerate and frequency non-degenerate four-waving mixing are considered and various of factors including dispersion conditions, internal losses in the loop, and splitting ratios of the coupler are investigated in detail. When the splitting ratio of the coupler is 1:1 and no loss is in the loop, both the frequency degenerate and non-degenerate twin beams can propagate from different ports completely by introducing proper dispersion, and switching between phase-sensitive and phase-insensitive amplification can be realized by changing the dispersion within the loop. In general, the propagation of signal and idler beams at the two output ports of the fiber loop are influenced by both the splitting ratio of the coupler and the internal loss within the loop. Adjusting the internal loss can partially compensate for the asymmetry of the splitting ratio of the coupler, facilitating spatial separation of the signal and idler beams. Our research is useful for the generation of twin beams using Sagnac fiber loop and the realization of switchable phase-sensitive amplifiers.