Combine 3 cups flour, undissolved yeast, sugar and salt in large mixer bowl. Add cheese and black pepper and mix well. Heat milk, water and butter to very warm (120° to 130°F). Add to flour mixture; add egg. Beat for 3 minutes, until smooth and elastic. Stir in remaining 1 cup flour. Let rest for 15 minutes.
Stir down batter with wooden spoon. Turn into two greased 8-1/2 x 4-1/2-inch loaf pans or a 2-quart casserole. Cover and let rise in a warm, draft-free place until doubled, about 30 minutes.
Bake in preheated 350°F oven for 40 to 45 minutes. Remove from pans at once and cool on wire rack.
Gift giving tip: Cool completely and place in a pretty pan or casserole for a gift.