Modeling thermal multiphase flows has become a widely sought methodology due to its scientific relevance and broad industrial applications. Much progress has been achieved using different approaches, and the lattice Boltzmann method is one of the most popular methods for modeling liquid–vapor phase change. In this paper, we present a novel thermal lattice Boltzmann model for accurately simulating liquid–vapor phase change. The proposed model is built based on the equivalent variant of the temperature governing equation derived from the entropy balance law, in which the heat capacitance is absorbed into transient and convective terms. Then a modified equilibrium distribution function and a proper source term are elaborately designed in order to recover the targeting equation in the incompressible limit. The most striking feature of the present model is that the calculations of the Laplacian term of temperature, the gradient term of temperature, and the gradient term of density can be simultaneously avoided, which makes the formulation of the present model is more concise in contrast to all existing lattice Boltzmann models. Several benchmark examples, including droplet evaporation in open space, droplet evaporation on a heated wall, and nucleate boiling phenomenon, are carried out to assess numerical performance of the present model. It is found that the present model effectively improves the numerical accuracy in solving the interfacial behavior of liquid–vapor phase change within the lattice Boltzmann method framework.