In a small saucepan, combine the lemonade and water. Heat over medium heat until steaming, but not boiling.
Pour the hot lemonade mixture into a large mug. Add both the mint and peach tea bags to the mug. Allow the teas to steep for 3–5 minutes, depending on your desired strength.
Remove the tea bags. Stir in honey to taste, adjusting the amount based on your sweetness preference.
If desired, garnish with fresh lemon slices and mint leaves. Serve hot and enjoy the comforting flavors.