We report our studies on the mixed Langmuir monolayer of mesogenic molecules,p-(ethoxy)-p-phenylazo phenyl hexanoate (EPPH) and octyl cyano biphenyl (8CB), employing the techniques of surface manometry and Brewster angle microscopy. Our studies show that the mixed monolayer exhibits higher collapse pressures for certain mole fractions of EPPH in 8CB as compared to individual monolayers. Also, a considerable reduction in the area per molecule is seen in the mixed monolayer, indicating a condensed phase. We have also studied the photostability of the mixed monolayer at different initial surface pressures. The mixed monolayer, under alternate cycles of UV and visible illumination, exhibits changes in surface pressures. This is due to the photoinduced transformation of EPPH isomers in the mixed monolayer. Our in-situ Brewster angle microscope studies for 0.5 mole fraction of EPPH in 8CB show a phase separation in the UV and a miscible phase in the visible, at low surface pressures (similar to5 mN/m). At higher surface pressures (similar to10 mN/m), under UV illumination, we find a phase separation which does not revert to a miscible phase under visible illumination.