In a large, heavy-bottomed pot, heat olive oil over medium heat. Add your choice of chicken or beef, searing until golden brown on both sides, about 5-7 minutes. Remove and set aside.

In the same pot, add diced onion and minced garlic. Sauté over medium heat until onions turn golden and garlic is fragrant, about 3-5 minutes.

Return the seared protein to the pot, add diced bell peppers, pour in coconut milk, and season with smoked paprika and cayenne. Stir to combine.

Cover and reduce heat to low. Simmer gently for 30 minutes, stirring occasionally to meld flavors.

Before serving, squeeze fresh lime juice into the pot and stir to balance the richness. Adjust seasoning if necessary.