Heat milk, water, sugar, lemon zest, salt and vanilla to a boil in a medium saucepan.
Stir in rice, reduce heat to lowest temperature and cover.
Simmer covered until most of the liquid is absorbed, stirring occasionally. Do not let mixture boil over.
When cooked and liquid is absorbed, add the raisins and almonds.
Cool to room temperature and serve.
Optional serving idea: Press hot rice mixture into a springform pan or 9-
inch ring mold. Chill thoroughly and unmold. Garnish with mandarin oranges, if desired; slice to serve.
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