Reserve 1 cup flour. Combine remaining flour, yeast, sugar and salt in a large bowl. Heat milk, water and 1/4 cup butter to 105-115°F. Stir liquids and flour mixture together well.
Add egg and enough of the reserved cup of flour to make a soft dough. Turn out onto a lightly floured surface and knead 5 minutes.
Cover dough with a damp cloth and allow to rest for 10 minutes.
Combine brown sugar, cinnamon and butter together (quantities may be nearly doubled to make sticky buns).
Roll dough into a 12"x9" rectangle. Spread with cinnamon mixture and sprinkle with raisins or craisins, if desired.
Roll up jellyroll fashion lengthwise and pinch together seam. Slices into 12 equal pieces using a sharp knife. Arrange cut side up in greased muffin tins.
Cover dough and let rise in a warm place for 20-30 minutes. Meanwhile, preheat oven to 375°F.
Bake in the center of the oven on a baking sheet half filled with hot water for 20 minutes or until browned.
Remove from muffin pan when done and allow to cool slightly before serving warm.
