I haven't done it so I can't claim that I know for sure. But you can in virt-manager pass through the host CPU as is, I believe. Normally it doesn't do this but analyzes the hardware and then uses a ideliazed abstract CPU description that is close to the capabilities of the host. I think this is done for portability, so that you can more easily move the virtual machine from one computer to another.
If you pass through the CPU to a Linux install it should see the computer as any other booted linux. Install virtmanager and try it. I think that in your case it will either work with no additional problems or it will work with some passthrough setting. I believe this should work without vt-x as qemu does not require hardware assistance when doing emulation only, although it can use it with KVM.
Emulation is much slower.
But why do you want to do this?
Are you sure you can't do with multiarch
https://askubuntu.com/questions/513260/ ... it-machine