Yes,, the solution you showed is probably fine and will get the job done.

Getting a better mixer is more fun, but its also more costly.

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Refer to my answer here.

https://www.reddit.com/r/karaoke/comments/kefjgs/home_quality_karaoke_system/gg2a0sr?utm_source=share&utm_medium=web2x&context=3

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You probably also don't need the Shure wireless mic.

Something like Innopow ($130)

https://www.amazon.com/innopow-80-Channel-Microphone-Continuous-WM-333/dp/B0749L15PF/ref=sr_1_1_sspa?dchild=1&keywords=innopow+microphone&qid=1608690703&sr=8-1-spons&psc=1&spLa=ZW5jcnlwdGVkUXVhbGlmaWVyPUExWkUySFNKQzFQMkJCJmVuY3J5cHRlZElkPUEwODg4NTg0MlNWNzc4VUo0OEZGVyZlbmNyeXB0ZWRBZElkPUEwMjUyODQ1M0tXWkRVNkhCNTJWRyZ3aWRnZXROYW1lPXNwX2F0ZiZhY3Rpb249Y2xpY2tSZWRpcmVjdCZkb05vdExvZ0NsaWNrPXRydWU=

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or Phenyx pro ($130)

https://www.amazon.com/Microphone-Phenyx-Pro-Interference-free-Operation/dp/B07JNDVS6H/ref=sr_1_5?dchild=1&keywords=phenyx+pro+ptu-71&qid=1608690733&sr=8-5

Would you still recommend this setup? I am looking for a similar solution for my basement, which is about 1600 sqft..but i also don't want to rile up my quiet neighbors.

The mics you recommended are not available, what do you think of these: https://www.amazon.com/gp/product/B07JNDVS6H/ref=crt\_ewc\_title\_dp\_2?ie=UTF8&psc=1&smid=A5MSHSFEDKZXK

I will be using a Windows laptop, does that change anything?

Cheap stuff I always need

Headphone case to protect the expensive headphones while gigging

XLR Y Cable for those unexpected times when you need it

Wireless mics recommended by a friend

Speaker stand tray

Laptop cooling fan to prevent overheating at outdoor shows

Edits because family needed me.

surge strip with extra long cord and USB ports.

collapsible tablet stand for notes and cocktail hour / dinner hour playlists.

3 inch gaffers tape

Table top facade for a neater appearance when the venue provides a table

Cable filing bag

Range bags are great for carrying wireless mics with lots of pockets for batteries and receiver units.

There’s a Rock-n-Roller for every budget