Make the sangria by combining all the ingredients into a pourable measuring cup.
Stir, cover, and put two glasses in the freezer.
In the meantime, put all of the ingredients for the margarita, excluding the ice, in a blender.
Blend for a few seconds to mix all of the ingredients and place the blender in the fridge.
Wait 25-30 minutes before assembling the drinks. This will allow the mixture to get nice and cold.
Take the glasses and sangria out of the freezer right before serving. Set aside.
Add 2 heaping cups of ice to the margarita blender.
Blend on high speed until thoroughly combined.
Fill 1/5 of the glass with sangria.
In a rocking motion, pour the margarita mixture on top to achieve a swirled look.
Top with a lime wedge and straw. Serve immediately.