Step 1

In a large pan that has a lid or skillet that has a lid, melt the butter with the olive oil.

Step 2

Add the rice, onion and bell pepper and cook over medium to medium-high heat until the rice is golden brown and vegetables are tender. Stir frequently. It takes about 15 to 20 minutes.

Step 3

Add the garlic and stir. Cook for about 1 minute.

Step 4

Add the diced tomatoes, tomato sauce, chicken broth, salt, pepper, chili powder, paprika and cumin. Stir well.

Step 5

Bring to a boil and then cover. Reduce the heat to a simmer and simmer for 20 to 25 minutes or until the rice is tender and the liquid is absorbed.

Step 6

Let the rice sit covered for 5 to 10 minutes before serving.

Step 7

Fluff the rice before serving.