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Preheat oven to 350°F (175°C) and grease and flour a loaf pan.
Cream butter, sugar, and cream cheese: Beat together until smooth. Add eggs one at a time, then mix in vanilla.
Mix dry ingredients: In a separate bowl, whisk together flour, baking powder, and salt. Gradually add to the wet mixture, alternating with milk.
Add cranberries and lemon zest: Fold them into the batter.
Bake: Pour batter into the loaf pan and bake for 50-60 minutes, or until a toothpick inserted comes out clean.
Cool: Let the bread cool before slicing.
This loaf is delightfully moist, and the cream cheese adds a velvety richness. The cranberries and lemon zest add a fresh, tart twist, making this bread an unforgettable treat.