Thank you all for your valuable contributions.
I'll take the advice to not exceed 25-30 degrees AoB during the turns....... I guess, in a motionless sim, the effects of vertigo aren't as apparent to you. And furthermore, the real aircraft won't be as forgiving as the sim, when trying to maintain a medium level turn, especially when AoB exceeds 30 degrees.
I'll be back in the sim tomorrow and will try applying 2 and 3 times drift angle on the outbound leg, and then holding a constant rate 1 turn when turning inbound. Although this was the technique demonstrated to me, the trace of the resulting holding pattern looked more like an ice cream cone, than a race-track, but it appears this technique is the one that is widely used by others.
Cheers