Coat the beef in flour, then sear it in a pan and remove.

Chop the peppers and onions, and sauté them in the same oil as the beef. Add a pinch of hot paprika and the bay leaf.

Once the onion becomes translucent, add the beef, cover with water, and cook until it reduces.

When the sauce has reduced, add the potatoes, pour in an additional cup of water, and let them cook. Adjust the salt and pepper to taste.

Once ready, serve.