Step 1

Place a heavy-bottomed pan or Dutch oven over medium heat.

Step 2

Season the beef with salt and pepper and add to the hot pan with a tablespoon of oil.

Step 3

Cook until fully browned, stirring to break up any clumps as needed.

Step 4

Remove the browned meat from pan and set aside.

Step 5

Add olive oil and butter to the pan.

Step 6

Once the butter is melted, add the onions. Cook the onions until golden brown, or about 6-8 minutes.

Step 7

Add the garlic, paprika, and return the beef to the pan and cook for 2 minutes.

Step 8

Add the carrots and just enough water to cover the mixture.

Step 9

Bring to a boil. Once boiling, reduce to a simmer, cover and cook for 45 minutes.

Step 10

Skim off any grease that has accumulated on top.

Step 11

Add tomatoes and peppers and cook for 5 minutes.

Step 12

Season again with additional salt, pepper, and paprika as needed before serving.