Firstly, Mill the flour.
Then, put milk, butter, and water in a microwave safe container, and cook for about 1-2 minutes until warm, but not scalding hot (about 90*F.)
Pour milk mixture in stand mixing bowl, add egg, sugar, salt, cinnamon, and nutmeg, then mix to incorporate.
Then, add the flour into the wet ingredients. Mix to combine, so no more dry flour is showing. Cover and let sit at room temperature for 15 minutes - or up to 2 hours. Dough may look slightly dry, but shouldn't be so dry that it won't incorporate. The Peaches will add a lot of liquid later.)
While the dough is resting, prepare the peaches.
Cut peaches into small 1/2 inch cubes. (If using frozen peaches, allow to thaw completely. If using canned peaches, make sure to drain them.)
After the dough has rested, add chopped peaches to the dough, and start to mix into dough.
Then, add the yeast, start kneading. Knead of level 2 until is is soft and smooth dough. It will seem wet at first. I had to knead for 25 minutes. It should be very soft and stretchy to form a window pane. *See video
After the dough has been kneaded fully, cover again and let rise for about 1-1.5 hours, or until the dough seems to have doubled.
Line two 4x8 bread pans with parchment paper, or oil.
Then, on a lightly oiled surface, divide dough in half, and shape bread into 2 loaves, making sure to have surface tension of the top. *see video
Place each loaf in each bread tin, and cover.
Let rise for 30-45 minutes, or until the look soft and puffy.
Preheat oven to 350*F during the end of the last rise.
Spray each loaf with a little mist of water, and bake for 35-45 minutes, or until the internal temperature of each loaf reaches 190*F.
Pull out of the oven, and gently remove from pan and let cool completely on a wire rack. (Be careful not to burn yourself.)