Parse it as + .
* **** : =; of the ancient times, ancient (so-called "no-adjective")
* **** : place, land
* **** : (beautiful/mysterious) tale, story (according to this page, it's a word made up by Kafu Nagai in the early 20th century. literally means "mysterious tale" and literally means "beautiful tale", but the difference is not probably important here. Now this word is found in the title of many books.)
So those amount to "ancient place's story" or "tales of the ancient land". As for the origin, I think it's just the subtitle of this specific book.