Soil-root hydraulic resistance variation and stomatal regulation are two critical hydrophysiological responses of plants to drought stress; however, few studies have been developed to quantify their interactions. To fill this gap, we developed a soil-plant hydraulic model (SR-HRV) that attempts to characterize the effects of stomatal regulation and three universal soil-root hydraulic resistance variations, i.e., root aquaporins promotion (AQU), apoplastic path damage (APD), and root-soil contact loosening (CONTACT). The sensitive parameters of the SR-HRV model were analyzed and optimized based on a field experiment with sunflower plants (Helianthus annuus L.). Several simulation scenarios were designed to clarify the individual and interactive effects of soil-root hydraulic resistance variations for plants with different stomatal sensitivities. Results show that the sensitivity of simulated stomatal conductance and soil water content response to stomatal regulation parameters, especially to abscisic acid-related parameters, are more active than to soil-root hydraulic resistance variation parameters. But as the soil dries, the sensitivities to APD and CONTACT parameters are rapidly increased. The simulation demonstrates that AQP alleviates the leaf water potential drop-down and maintains relatively high root water absorption of the plant when it is in mild drought conditions, while CONTACT and APD respectively restrict the water flux and drought signal responses with continuous soil dehydration. Moreover, the AQP effects are more pronounced but the effects of APD and CONTACT would be restricted for plants with higher stomatal sensitivity to drought signals. These simulation results imply the diverse response strategies of plants to drought, the collaborations between stomatal regulation and soil-root hydraulic resistance variations should be considered in soil-plant water transport modeling.