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Combine flour, garlic powder and salt & pepper. Toss beef in flour mixture.
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Heat olive oil in a large Dutch oven or pot. Cook the beef and onions until browned.
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Add beef broth and red wine while scraping up any brown bits in the pan.
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Stir in all remaining ingredients except for peas, cornstarch and water. Reduce heat to medium low, cover and simmer 1 hour or until beef is tender (up to 90 minutes).
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Mix equal parts cornstarch and water to create a slurry. Slowly add the slurry to the boiling stew to reach desired consistency (you may not need all of the slurry).
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Stir in peas and simmer 5-10 minutes before serving . Season with salt & pepper to taste.