Given that $x$ and $y$ are positives, find the minimum value of $$\large \sqrt{\frac{x^2}{y^2} + \frac{y^2}{x^2} + 2} + \frac{\sqrt{xy}}{x + y}$$
We have that $\sqrt{\dfrac{x^2}{y^2} + \dfrac{y^2}{x^2} + 2} = \sqrt{\left(\dfrac{x}{y}\right)^2 + \left(\dfrac{y}{x}\right)^2 + 2 \cdot \dfrac{x}{y} \dfrac{y}{x}}$
$= \sqrt{\left(\dfrac{x}{y} + \dfrac{y}{x}\right)^2} = \dfrac{x}{y} + \dfrac{y}{x} = \dfrac{x^2 + y^2}{xy}$. Furthermore, $2(x^2 + y^2) \ge (x + y)^2$
$\implies \dfrac{x^2 + y^2}{xy} \ge \dfrac{(x + y)^2}{2xy} \implies \sqrt{\dfrac{x^2}{y^2} + \dfrac{y^2}{x^2} + 2} \ge \dfrac{(x + y)^2}{2xy}$.
Using the AM-GM inequality, we have that $$\frac{(x + y)^2}{2xy} + 2 \cdot \frac{\sqrt{xy}}{2(x + y)} \ge 3 \cdot \sqrt[3]{\frac{(x + y)^2}{2xy} \left[\frac{\sqrt{xy}}{2(x + y)}\right]^2} = \frac{3}{2}$$
$\implies \sqrt{\dfrac{x^2}{y^2} + \dfrac{y^2}{x^2} + 2} + \dfrac{\sqrt{xy}}{x + y} \ge \dfrac{3}{2}$. But the equality sign happens when $x = y = 0$, which contradicts the fact that $x, y > 0$.
By AM-GM, C-S and AM-GM we obtain: $$\sqrt{\frac{x^2}{y^2}+\frac{y^2}{x^2}+2}+\frac{\sqrt{xy}}{x+y}=\frac{1}{2}\left(4\cdot\frac{x^2+y^2}{2xy}+\frac{2\sqrt{xy}}{x+y}\right)\geq$$ $$\geq\frac{5}{2}\sqrt[5]{\left(\frac{x^2+y^2}{2xy}\right)^4\frac{2\sqrt{xy}}{x+y}}=\frac{5}{2}\sqrt[5]{\frac{(x^2+y^2)^4}{8x^3y^3\sqrt{xy}(x+y)}}\geq\frac{5}{2}\sqrt[5]{\frac{(x^2+y^2)^3\cdot\frac{(x+y)^2}{2}}{8x^3y^3\sqrt{xy}(x+y)}}\geq\frac{5}{2}.$$ The equality occurs for $x=y,$ which says that we got a minimal value.
Another way.
Let $\sqrt{\frac{x}{y}}+\sqrt{\frac{y}{x}}=2k.$
Thus, $k\geq1$ and we need to prove that: $$4k^2-2+\frac{1}{2k}\geq\frac{5}{2}$$ or $$(k-1)(8k^2+8k-1)\geq0,$$ which is obvious.