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I noticed that the recipes for this in Spain had booze in 'em, so here's one from Mexico.
1 bottle dry red wine
1 cup fresh-squeezed orange juice
2 Tablespoons lime juice
1/4 cup sugar
1 12-ounce bottle club soda
1 orange thinly sliced
1 lime thinly sliced
ice cubes
In punchbowl stir in liquid, add sugar and dissolve. Add fruit, let sit 1 hour to blend flavors. Pour into glasses with ice cubes.