Are these two having the same meaning: 遥远的地方 vs. 远方
远方 is more literary/ classical

遥远的地方 is more colloquial/ modern


我住在一个遥远的地方。= 'I live in a faraway place'
我住在远方。= 'I live in some faraway place'. We don't need the classifier 一个 for 远方, it is a term for 'far away place(s)' in general.