BUT you cant have C and L at the same time
Actually, that's not correct. A real-world (physical) capacitor will have some small amount of stray inductance, and a real world inductor will have some small amount of stray capacitance. Both will also have some non-zero, finite amount of dc resistance (the resistance of an ideal inductor is zero; the resistance of an ideal capacitor is infinite).
The magnitude and phase angle that define the overall impedance of a combination of resistance, inductance, and capacitance are calculated for a specific frequency as described near the end of my first post in this thread.
Best regards,
-- Al