You set the version of your data model in the Utilities inspector (right hand pane), under the Identity and Type tab when the xcdatamodeld file is selected. This has a section called "Core Data Model", and a field called "Identifier".
You add a new model version by selecting the xcdatamodeld file, the going to Editor --> Add model version.
At this point it prompts you for the previous model to base it on.
If youve added a new model without going through this process the lightweight migration may not work