You have a job ahead of you! The statute says that the majority rules on what the method should be. It doesn't go any further than that, except to say that it should be "fair and equitable." It is in the nature of governance, of associations and of the "democratic process" that the minority accepts the rule of the majority -- meaning that some people don't get their way sometimes. If it's going to work at all, it does so because reasonable people accept the majority's decision for the sake of the group's continued functioning. Things fall apart and nothing gets done without that willingness.
I am not familiar with the ruling cited in this thread that the millionaire (or just anybody) doesn't have to abide by the decision of the majority (if that is what the decision said). Having a citation on that ruling would be useful. (HINT!)
That said, in your case, the vote on the method is going to have to be taken, and whether time or distance or both gets the majority, it's still the majority. Neither time nor distance is so unusual that one or the other or a combination of them, I would say, is not going to be considered "fair and equitable" by a court if the majority supports it.
Maybe the combination idea might seem fairer to the dissenters, and maybe that could be worked out.