Wayne,
At Sagebrush, we've built a really neat two-hole sequence.
The par-3 12th will play no more than about 125 yards max., slightly uphill. The par-4 13th will play about 315 yards, significantly downhill. Essentially, these consecutive holes are back-to-back par-3s for better players.
Imagine, too, total yardage for the course on the scorecard will probably measure almost 7,400 yards, including the BACK TEE measurements noted above, for 12 and 13!
So, I guess you can design a "championship length" course featuring a sub-135 yard hole.