Step 1

Preheat oven to 325°F. Pat dry the beef with paper towels, and cut into 2-inch cubes.

Step 2

Add 1 tablespoon of oil to your Dutch oven over medium-high heat. Once hot, add a single layer of beef cubes with some space in between. (Cook in batches if necessary.)

Step 3

Cook the beef for about 2 minutes when the bottom is nicely browned. Then flip and cook for another 2 minutes. Remove them to a plate, and repeat with the remaining oil and beef.

Step 4

Add the onions and garlic to the Dutch oven and sauté for 3 minutes.

Step 5

Add the browned beef, red wine, broth, tomato paste, balsamic vinegar, flour, thyme, bay leaf, salt and pepper. Stir to combine.

Step 6

Cover and place the Dutch oven in the middle of the preheated oven and braise for 2 hours until the meat is tender and the sauce thickened.

Step 7

Remove from the oven and add the potatoes and carrots. Return to the oven for 30 minutes more. Serve and enjoy!