If you plan to use POP, be sure to enable POP access for your Hotmail (Live, Outlook.com) e-mail account, see Enable POP access in Outlook.com.
To access your e-mails with Windows Mail using POP, see How to access Hotmail (Live, Outlook.com) with Windows Mail using POP.
To access your e-mails with Windows Mail using IMAP, see How to access Hotmail (Live, Outlook.com) with Windows Mail using IMAP.