A DBRef (as explained in detail here) is a tuple containing the ObjectId, collection name, and possibly the database container name of a referenced object in another collection.
Internally in the MongoDB server these serve no purpose and are just data within a document. The point is for use in some drivers and ODM implementations to allow for some sort of automatic expansion by issuing additional queries to the server in order to have the data that is elsewhere appear to be an ordinary sub-document part of the referencing document. This can be automatic or a lazy load depending on the implementation, but is always done over the wire and processed on the client side. The server will do nothing to traverse or join this data.
Additionally, MongoDB collections are schemaless, so there is nothing as in the relational sense that says all documents in a collection have to have the same structure.
In the case of Mongoose, there are built in functions to do this sort of loading for you as a convenience, and while not strictly a DBRef and utilizing documents with a different schema in the same collection is the same means as storing the documents external to the referencing document.
It is important to consider the data access patterns of your application and not to simply opt for the same sort of relational design you are used to. Keeping in mind that you are only ever reading from one collection at a time, it is most desirable to get at the data you need in a single read or write, without multiple operations over the wire, which will slow things down considerably.
In short, you should always consider embedding sub-documents first, and then use external references any your best supported form only when you absolutely have to. Your application users will thank you in the end.