Run VaM_Updater.exe
On the bottom right, click on Options, Dropbox beside Desired Version, choose a newer version and let it run and it'll update for you.
If you check the Beta Opt In at the bottom, you can update to the latest just released version 1.18.2.1
Btw,
https://f95zone.to/threads/virt-a-mate-creator-key-auto-enabler.27683/
I've seen complaints in the thread that it "Doesn't work!", erm...yes...it does..., just drag the Content folder and the long ass file to the VaM main directory, then when you start up VaM, don't bother with entering the Key and hit Ready. Voila...Edit Mode Enabled...