For concreteness (and so that we can more easily compute and visualize quantities), let's analyze from a frame where the source is at rest and the receiver moves with velocity $v=(3/5)c$.
Further, let the source period be $\tau=10$
and so (in units where $c=1$) the source wavelength is $\lambda=c\tau=10$.
Let's visualize this on a spacetime diagram on drawn on rotated graph paper.
The source and receiver meet briefly at event O.
So, after O, they are receding from each other.
With velocity $v=\frac{PQ}{OP}=(3/5)c$,
the time-dilation factor is
$\gamma=\frac{1}{\sqrt{1-(v/c)^2}}=\frac{OP}{OQ}=(5/4)$
and
the Bondi $k$-factor $k=\frac{OR}{OT}=\sqrt{\frac{1+(v/c)}{1-(v/c)}}=2$.
Suppose a light-signal was emitted at the meeting event O,
and then again at event $T$, one period ($\tau_{source}=10$) later in the source frame.
So, the source wavelength is the distance between wavefronts in the source frame (that is, the "separation between two lightlike signal-lines" in the source frame). From the diagram, $\lambda_{source}=c\tau=10$, as expected.
I will address specifics of your approach after the diagram.
But first, I will make an important comment on wavelengths and length-contraction.
- In the source frame, imagine a ruler at rest with a marking at
$x=10$. Interpret this as "where the source says the previous
wavefront is located when the source emits the next signal". Note
that this marking has a worldline parallel to the source.
Although the "separation between these timelike-worldlines" is
equal to $\lambda_{source}$ in the source frame, these
timelike-worldlines are only indirectly related to the
source-wavelength [which is the "separation between the lightlike
signal-lines"].
In the receiver-frame the "separation between
these timelike-worldlines" is given by
$OX=\frac{\lambda}{\gamma}=\frac{10}{5/4}=8$, in accordance with
length-contraction.
However, this is not the wavelength observed by the receiver---
the observed-wavelength is the
"separation between the lightlike signal-lines" given by $OW=20$
in the receiver frame. ($OW=k(O\lambda_{source}=(2)(10)=20.$).
The point is: the observed-wavelength (separation between
lightlike signal-lines)
doesn't directly involve
length-contraction (involving parallel timelike-lines).

Now to your approach...
I believe you next reference event $R$, when the receiver receives the second signal after meeting at $O$. To determine $R$'s coordinates in the source frame, find the intersection of the receiver's worldline through $O$ ($x=vt$) with the forward light-signal emitted at event $T$ ($x=c(t-\tau)$).
I get $t_R=\frac{1}{1-\beta}\lambda/c=25$ and $x_R=\frac{\beta}{1-\beta}\lambda=15$.
I'm not sure where your "$\lambda+v\tau$"$=(10)+(\frac{3}{5})(10)=16$ comes from.
Note that $x_R$ is the distance to the source in the source frame when the receiver observes the second signal. This is not the separation between wavefronts. In the frame of the receiver, when the reception occurs, the receiver says that she is $\displaystyle\frac{x_{R}}{\gamma}=\frac{15}{5/4}=12$ units away from the source [which, again, is not the observed wavelength $OW=20$].
So, again, length-contraction doesn't seem to help find the observed-wavelength.
To find the observed-wavelength $OW$, use the observed-period $OR$.
By similar triangles, time-dilation factor is $\gamma=\frac{OP}{OQ}=\frac{25}{OR}$ so that $\tau_{obs}=OR=(25)/\gamma=(25)/(5/4)=20$. Then, $\lambda_{obs}=c\tau_{obs}=20$, which is $OW$.
Symbolically,
$$
\begin{align*}
\lambda_{obs}=c\tau_{obs}=c\frac{t_R}{\gamma}
&=c\frac{\frac{1}{1-\beta}\lambda/c}{\gamma}\\
&=\frac{1}{1-\beta}(\sqrt{1-\beta^2})\lambda\\
&=\sqrt{\frac{1+\beta}{1-\beta}}\lambda_{source}=(2)(10)=20,
\end{align*}
$$
which, although is a "length", features the Doppler factor (the Bondi $k$-factor), not the length-contraction factor.
Again, distinguish the "separation between lightlike signal-lines" from the "separation between parallel timelike-lines".
Similarly,
$$\tau_{obs}=\sqrt{\frac{1+\beta}{1-\beta}}\tau_{source}=(2)(10)=20,$$
which is longer than the source period of $\tau_{source}=10$,
as expected for a receding receiver.