The Stealth 700 for Xbox One features a 3.5mm headset jack, which can be used with the Mobile Cable (Mobile Cable not included with headset, available here). This connection is meant for use with Mobile Devices or VR systems.
Connect your headset directly to your chosen device and the Xbox One Wireless Connection will shut down to conserve battery life. In this mode Bluetooth will still be available so that you are able to listen to music or take phone calls during your VR experience.
When in this mode the volume controls on the headset will now control your VR Audio Volume Level and Mic Monitor Level.