In a bowl, combine flour, sugar, yeast, and salt. Whisk together.
In a separate bowl, combine milk, water, and butter. Microwave for 1½ minutes. Let cool until you can comfortably leave your finger in it for 10 seconds.
Combine wet and dry ingredients, mix well.
Knead on counter for 5 minutes until smooth. Place in oiled bowl, cover with kitchen towel, and rise in warm location for 1-2 hours.
Punch down dough and divide into 3 sections. Roll each into thin logs, pinch tops together, then braid. Turn ends under.
Place on a parchment lined baking sheet, cover and rise 30 minutes.
Bake at 375°F for 25-30 minutes until golden brown.