In this paper we study space-time coding schemes for a novel MIMO transceiver which performs adaptive signal combining in radio-frequency (RF). The limitations of the RF circuitry make necessary to develop specific designs for this architecture. For instance, the space and time encoders must operate separately (the former works in the RF domain and the latter works in baseband), and at different time scales: the spatial encoder or RF beamformer must remain fixed during the transmission of a probably large number of symbols, whereas the time-encoder can work at the symbol rate. We show in the paper that although the multiplexing gain of the system is limited to one, we are still able to achieve the full spatial diversity of the MIMO channel as well as to increase the received signal-to-noise ratio through array gain. Specifically, when perfect channel state information (CSI) is available only at the receiver we propose to use a scheme referred to as orthogonal beam division multiplexing (OBDM). With this scheme the symbols are time-precoded with a unitary discrete Fourier transform (DFT) matrix, then they are successively transmitted through orthogonal directions and, finally, we use a receiver comprising maximal ratio combining (MRC) followed by a minimum mean-square error (MMSE) decoder. The performance of the proposed techniques in terms of outage capacity and bit error rate is illustrated by means of several simulations examples. copyright by EURASIP.