Creating Spanish Beef Stew is simple when you follow these steps:

1. Heat Oil: In a large pot, heat the olive oil over medium-high heat.
2. Brown the Beef: Add the beef chunks to the pot. Sear until browned on all sides, about 5-7 minutes. Remove beef and set aside.
3. Sauté Vegetables: In the same pot, add the chopped onion, garlic, carrots, and red bell pepper. Sauté for 5 minutes until softened.
4. Add Spices: Stir in the smoked paprika, ground cumin, oregano, salt, and pepper. Cook for an additional minute to release the spices’ aromas.
5. Combine Ingredients: Return the browned beef to the pot. Add the diced tomatoes and beef broth. Stir well to combine.
6. Simmer: Bring the mixture to a boil. Reduce heat to low, cover, and let it simmer for about 1 hour.
7. Add Potatoes: After an hour, add the diced potatoes to the pot. Stir to combine and continue to simmer for another 30 minutes, or until the beef is tender and the potatoes are cooked through.
8. Taste and Adjust: Check seasoning and adjust with more salt and pepper if necessary.
9. Garnish: Once cooked, remove from heat. Garnish with fresh parsley before serving.

These steps will guide you in creating a flavorful and hearty Spanish Beef Stew that is perfect for any occasion.