In a medium saucepan over medium-low heat, warm up milk, water, sugar and salt. Just until warm and sugar is dissolved. Remove from heat and mix in eggs and yeast. Whisk until combined.
In a large bowl, pour in the flour and then create a well. Pour the milk mixture into the flour well, don't stir. Cover the bowl with a lid or tea towel for about 20 minutes, or until wet mixture is proofed.
Pour 1/2 cup melted butter into flour/milk mixture and stir to combine. Knead lightly until it all comes together. Form into a ball and cover bowl with wet tea towel or lid and let rise about 30-45 minutes.
Shape the dough into rolls and place in a casserole dish, cover with a wet tea towel and let rise an additional 30-45 minutes or until rolls are the size you want them to be.
Bake rolls in a preheated 400* degree oven for about 15 minutes or until golden brown on top.
Notes
The original recipe says 5 cups of flour, but I would recommend starting with 4-1/2 and then adding 1/2 cup if needed when mixing the milk mixture into the flour during step 3.