Let \(M = (x, y)\). Then
\[
\text{Given: } MA + MB = 2\sqrt{3} \Rightarrow \sqrt{(x + 1)^2 + (y + 1)^2} + \sqrt{(x - 1)^2 + (y - 1)^2} = 2\sqrt{3}
\]
Squaring and simplifying both sides leads to the equation of an ellipse. After algebraic simplification, it becomes:
\[
2x^2 - 2xy + 2y^2 - 3 = 0
\]