Michael,
quite a mad hypothetical, but nonetheless!:
I'd spend the longest time (and the most money) searching for the perfect site (which I'm not sure even exists, but it would be fun trying!)
Once site found and fully explored/mapped, I'd set out creating the holes with the MOST FUN that I could create. I suppose the finished product would most likely be a somewhat eclectic mix of historic reference, landscape pastiche, witty detailing and, most of all, surprise and delight at every turn. The design would be thought-provoking, slightly disconcerting and, most importantly, smile-inducing!
Hole #12, e.g.: A Hirono-inspired Zen landscape, fairway fringed with Rhododendron and Azalea and raked bunkers, a miniature temple partly hidden amongst the trees beyond the green. This long par-5 plays uphill to a Fuji-shaped greensite, drape-bunkered with snow-like sandy wastes and perhaps a scree-slope of gravel and boulders.
I'd guess the average golfer might hate it, but, I'm so rich anyway the place is only for me and my chums. You lot are, of course, cordially invited (well, everyone except Kavanaugh, naturally!
)
Drea-ea-ea-ea-eam, Dream, Dream, Dream....
FBD.