Heat a medium stock pot over medium/medium high heat. Add the vegetable oil and when shimmering, add the beef.
Brown the beef on all sides, approximately 2 -3 minutes. Add the onion/shallot and celery, cook with the beef until translucent, approximately 2 – 3 minutes. Add the garlic, herbs de provence, and paprika.
Stir to combine and when fragrant, add the beef broth and bay leaf. Bring to a simmer and add the carrot and potato, stirring to combine. Cover and simmer over low/medium low heat for at least 1 hour or until the potatoes are soft, stirring occasionally.
Add 1/2 cup water periodically if the broth evaporates.
Remove the bay leaf before serving and garnish with parsley.
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