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Brown the Beef: In a large pot or skillet, heat the vegetable oil over medium-high heat. Add the beef and cook until browned on all sides.
Add Vegetables: Add the diced onion, green bell pepper, and garlic. Sauté for about 5 minutes, or until vegetables are soft.
Seasoning: Stir in the diced tomato, cumin, chili powder, paprika, black pepper, and salt. Mix well.
Simmer: Pour in the beef broth and bring to a boil. Once boiling, reduce the heat to low, cover, and let it simmer for about 1.5 to 2 hours, or until the beef is tender.
Thicken (Optional): If you prefer a thicker gravy, mix the flour with a bit of water to create a slurry, then stir it into the pot. Cook for an additional 10 minutes until the sauce thickens.
Serve: Serve hot with warm flour tortillas, rice, or beans.
Enjoy your rich and savory Carne Guisada!