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To prepare the fruit: Combine the dried fruit with liquid in a bowl. Cover and set aside to soak overnight. Too impatient to wait until tomorrow? Microwave everything for 1 minute (or until it's very hot), cover, and let rest 1 hour.
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To prepare the cake: Preheat the oven to 325°F. Grease two celebration cake pans or two 8" round cake pans.
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In a large bowl, beat together the butter, sugar, baking powder, salt, and spice.
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Beat in the eggs one at time, scraping the sides and bottom of the bowl after each addition.
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Weigh your flour; or measure it by gently spooning it into a cup, then sweeping off any excess. Stir the flour into the batter alternately with the milk, starting and ending with the flour, scraping the bowl as needed.
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Add the undrained fruit and the nuts, mixing until evenly incorporated.
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Spoon one-fourth of the batter into each prepared pan, filling them almost full if using the celebration pans or 3/4" deep if using round cake pans. If you have a scale, dividing the batter evenly among the pans is simple math.
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Bake the cakes for 25 to 30 minutes until the cakes are lightly golden brown all over; a cake tester inserted into the center will come out clean.
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Remove the cakes from the oven, let them cool for 5 minutes, then turn them out onto a rack.
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Brush the warm cakes with brandy or the liquor of your choice for added flavor. If you have a squeeze bottle, it's easy to apply the alcohol that way. Allow to cool completely while the remaining layers bake.
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Bake two more cakes with the remaining batter, following the directions above.
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To make the frosting: Whip the cream cheese with the sugar until light and fluffy.
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Add the heavy cream and whip until firm peaks form.
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To assemble the cake: Place one cake layer on a serving plate and top with a little less than one-fourth of the frosting. Add another cake layer and repeat the process, topping the final layer with the remaining frosting.
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Refrigerate the cake until you're ready to serve, up to overnight.
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To make the sugared cranberries: The day before you want to serve the cake, combine the water and 1/2 cup of the sugar in a small saucepan set over medium heat. Bring the mixture just to a simmer, stirring to dissolve the sugar. Remove from the heat.
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Add the cranberries to the pot, cover, and place in the refrigerator for 8 hours, or overnight.
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Pour the cranberries with the syrup through a strainer, reserving the syrup if desired for another use.
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Toss the cranberries with the remaining sugar, and transfer them to a parchment-lined baking sheet or cooling rack to dry for 1 to 2 hours.
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Just before serving, garnish the cake with sugared cranberries, or seasonal fresh or dried fruits or nuts.
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Refrigerate any leftovers, well wrapped, for several days.