This last statement is the way I would do it myself. Just power up the sensor for the time it takes for the ADC to complete the reading, then power it off.You need to be aware of self heating with RTD's but if it's in good thermal contact to a largish thermal mass like a cylinder head that shouldn't be a problem - if you're still worried you could control the drive voltage from a PICAXE output and just bring it up periodically a short time before you read the temperature.