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Michelada. Michelada is a Mexican cerveza preparada made with beer, lime juice, and assorted sauces, spices, and peppers. It is served in a chilled, salt-rimmed glass. There are numerous variations of this beverage throughout Mexico and Latin America.ichelada. Michelada is a Mexican cerveza preparada made with beer, lime juice, and assorted sauces, spices, and peppers. It is served in a chilled, salt-rimmed glass. There are numerous variations of this beverage throughout Mexico and Latin America.
1 What goes in a michelada also depends on who you talk to. 2  This gave rise to variations culminating in the michelada(MY iced beer), with a spicy base as elaborate as a secret barbecue sauce.3  Her list includes Brazil's Caipirinha, Cuba's Mojito and Mexico's Michelada. This gave rise to variations culminating in the michelada(MY iced beer), with a spicy base as elaborate as a secret barbecue sauce. 2  Her list includes Brazil's Caipirinha, Cuba's Mojito and Mexico's Michelada.