Using qm showcmd when the CPU is set to default kvm64, I see that the lafh_lm flag is actually configured already:
-cpu kvm64,enforce,+kvm_pv_eoi,+kvm_pv_unhalt,+lahf_lm,+sep \
lscpu inside VM
fpu vme de pse tsc msr pae mce cx8 apic sep mtrr pge mca cmov pat pse36 clflush mmx fxsr sse sse2 ht...