How to configure suspend-then-hibernate properly?

You need to edit sleep.conf and logind.conf. Here is what works for me:

sleep.conf
#  This file is part of systemd.
#
#  systemd is free software; you can redistribute it and/or modify it under the
#  terms of the GNU Lesser General Public License as published by the Free
#  Software Foundation; either version 2.1 of the License, or (at your option)
#  any later version.
#
# Entries in this file show the compile time defaults. Local configuration
# should be created by either modifying this file, or by creating "drop-ins" in
# the sleep.conf.d/ subdirectory. The latter is generally recommended.
# Defaults can be restored by simply deleting this file and all drop-ins.
#
# See systemd-sleep.conf(5) for details.

[Sleep]
#AllowSuspend=yes
#AllowHibernation=yes
AllowSuspendThenHibernate=yes
#AllowHybridSleep=yes
#SuspendMode=
#SuspendState=mem standby freeze
#HibernateMode=platform shutdown
#HibernateState=disk
#HybridSleepMode=suspend platform shutdown
#HybridSleepState=disk
HibernateDelaySec=30min
logind.conf
#  This file is part of systemd.
#
#  systemd is free software; you can redistribute it and/or modify it under the
#  terms of the GNU Lesser General Public License as published by the Free
#  Software Foundation; either version 2.1 of the License, or (at your option)
#  any later version.
#
# Entries in this file show the compile time defaults. Local configuration
# should be created by either modifying this file, or by creating "drop-ins" in
# the logind.conf.d/ subdirectory. The latter is generally recommended.
# Defaults can be restored by simply deleting this file and all drop-ins.
#
# Use 'systemd-analyze cat-config systemd/logind.conf' to display the full config.
#
# See logind.conf(5) for details.

[Login]
#NAutoVTs=6
#ReserveVT=6
#KillUserProcesses=no
#KillOnlyUsers=
#KillExcludeUsers=root
#InhibitDelayMaxSec=5
#UserStopDelaySec=10
#HandlePowerKey=poweroff
HandleSuspendKey=ignore
HandleHibernateKey=ignore
HandleLidSwitch=suspend-then-hibernate
#HandleLidSwitchExternalPower=suspend
#HandleLidSwitchDocked=ignore
#HandleRebootKey=reboot
#PowerKeyIgnoreInhibited=no
#SuspendKeyIgnoreInhibited=no
#HibernateKeyIgnoreInhibited=no
#LidSwitchIgnoreInhibited=yes
#RebootKeyIgnoreInhibited=no
#HoldoffTimeoutSec=30s
#IdleAction=ignore
#IdleActionSec=30min
#RuntimeDirectorySize=10%
#RuntimeDirectoryInodes=400k
#RemoveIPC=yes
#InhibitorsMax=8192
#SessionsMax=8192