The WITH_EDITORONLY_DATA preprocessor definition is not included in the list of definitions for a project

The WITH_EDITORONLY_DATA preprocessor definition is not included in the list of definitions for a new project, or the UE4 solution.

1. Open the UE4 solution in Visual Studio.
2. Open the project Properties window in Visual Studio.
3. Look at the Preprocessor Definitions for the project.

RESULT:
The WITH_EDITORONLY_DATA definition is not included in the project's definitions.

EXPECTED:
The WITH_EDITORONLY_DATA definition is included in the project's definitions.

Preprocessor defines in generated Visual Studio project COMPLETELY WRONG