I have comeup with answer myself, which works, but code needs cleanup: It maynot be elegant but works. Any suggestions , improvements will help me to improve myself.
Actual input I had is
const char* buf = xmlStr;
int bstrlen = xmlStr.length();
std::string str(buf ? buf : "", bstrlen);
// Vector of string to save tokens 
vector <string> tokens;
vector <string> models;
// stringstream class check1 
stringstream check1(str);
string intermediate;
// Tokenizing w.r.t. space ' ' 
while (std::getline(check1, intermediate, '\n'))
{
    tokens.push_back(intermediate);
}
for (string token : tokens)
{
    std::string first = "MODEL ID=\"";
    std::size_t firstLim = token.find(first);      
    std::string last = "\" TYPE=\"";
    std::size_t lastLim = token.find(last);
    if ( (firstLim != std::string::npos) && (lastLim != std::string::npos) )
    {
        std::string modelid = token.substr(firstLim, lastLim - firstLim);
        int i = first.size();
        modelid = modelid.substr(first.size());
        models.push_back(modelid);
        std::string modeltype = token.substr(lastLim);
        modeltype = modeltype.substr(last.size());
        std::string elem = "\"";
        std::size_t elemLim = token.find(elem);
        modeltype = modeltype.substr(elemLim);
    }
}
Exact input is :
 "<?xml version=\"1.0\"?>\r\n<MODEL-LIST>\r\n<MODEL ID=\"450 MHz Default\" TYPE=\"Basic Model\" />\r\n<MODEL ID=\"900 MHz Default\" TYPE=\"Enhanced Model\" />"