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Step 1
In a large saucepan, combine the water and sugar. Stir over medium heat until the sugar dissolves. Bring to a boil, then remove the syrup from the heat, and allow it to cool.
Step 2
Once cooled, mix the syrup with the lemon juice and lime juice. Chill once more.
Step 3
Store covered in the refrigerator for up to one week.