Add the milk and water to the TM bowl. Mix at 4 minutes/speed soft/ 50 degrees. Add the sugar mix 3 seconds/speed 7. Add the yeast, salt , butter, olive oil flour and egg to the TM bowl mix 10 seconds/speed 7.
Set dial to Closed Lid position Knead for 3 minutes/interval speed.
Remove dough and let rise for 30-60 minutes, or until doubled.
After dough has risen, divide in 2 and place in loaf pans, or further divide each half and make braided loaves.