Step 1

In a large saucepan, add the water, the potatoes, the carrots, the onion, the green pepper, the jalapeño, the garlic, and the bouillon granules.

Step 2

Bring the mixture to a boil.

Step 3

Cover the mixture and simmer until the potatoes are tender, about 15-20 minutes.

Step 4

Stir the salt, the beef, and 2 cups of the milk into the soup mixture.

Step 5

In a bowl, combine the flour and the remaining milk until smooth.

Step 6

Gradually stir the flour mixture into the soup.

Step 7

Bring the soup to a boil and cook, while constantly stirring, until thickened and bubbly, about 2 minutes.

Step 8

Reduce the heat and stir the cheese into the soup until it has melted.

Step 9

Add the cayenne to the soup.

Step 10

Top the soup with the bacon and serve.