Making Carne Guisada is a simple yet rewarding process. Follow these steps to achieve a tender and flavorful stew:

1. Heat Oil: In a large pot or Dutch oven, heat the vegetable oil over medium-high heat.
2. Brown the Meat: Add the beef cubes in batches, browning them on all sides. Remove and set aside.
3. Sauté Vegetables: In the same pot, add the chopped onion and sauté until translucent. Stir in the minced garlic for about 1 minute.
4. Add Spices: Sprinkle in the ground cumin, chili powder, paprika, and oregano. Stir well to combine and cook for an additional minute until fragrant.
5. Combine Ingredients: Return the browned beef to the pot. Add the diced tomatoes, bell pepper, and beef broth. Stir to combine.
6. Season: Add salt, pepper, and bay leaves. If using, add the carrots and potatoes at this stage for extra flavor and texture.
7. Simmer: Bring the stew to a boil, then reduce the heat to low. Cover the pot and let it simmer for 1.5 to 2 hours, or until the meat is tender.
8. Final Adjustments: Taste and adjust the seasoning as needed. Remove bay leaves before serving.
9. Serve Warm: Allow the stew to cool slightly before serving, to let the flavors meld together even more.

These simple steps will guide you towards creating a delicious pot of Carne Guisada that’s sure to impress!