I would say the revision is better but I agree with Richiev that you should label the girl so it highlights she is the main character of the two, however they seem like they will both be sharing the story time so they are both quite main.
After discovering a magical chaise lounge, an (adjective) girl and her brother begin travelling through time. When they find themselves in 1956, the siblings seek help in their 14 year old Grandmother who must help return to their era.
This attempt is a little dry but it is a tough story to boil down. I think you are on the right lines with what you are writing but a few things need clearing up. Hope this helps