In a microwave-safe bowl, combine the water and melted butter. Stir in the milk and honey until well mixed. Heat the mixture in the microwave for 1 minute, then stir. Continue microwaving in 15-second intervals until the temperature reaches 110°F. The mixture should feel warm to the touch but not hot. Alternatively, this step can be done in a saucepan over medium-low heat, stirring frequently.