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Beef Stew with Carrots & Potatoes

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  This may take 20 minutes longer to prepare than regular roast on the front end but it's so worth it!  Ingredients 3 pounds   boneless beef chuck (well-marbled), cut into  1-1/2-inch  pieces 2 teaspoons   salt 1 teaspoon   freshly ground black pepper 3 tablespoons   olive oil 2   medium yellow onions, cut into  1-inch  chunks 7   cloves garlic, peeled and smashed (I use minced garlic in a jar, about 1/2 tsp. per clove) 2 tablespoons   balsamic vinegar 1-1/2 tablespoons   tomato paste 1/4 cup   all-purpose flour 1 cup   dry red wine*  3 cups   beef broth**  2 cups   water 1   bay leaf 1/2 teaspoon   dried thyme 1-1/2 teaspoons   sugar 4   large carrots, peeled and cut into  1-inch  chunks on a diagonal 1 pound   small white boiling potatoes (baby yukons), cut in half Fresh chopped parsley, for serving (optional)  *(you could substitute pomegranate, ...