Heat the olive oil in a large skillet over medium-high heat.
Add the ground beef to the skillet, breaking it into small crumbles with a wooden spoon, and cook until it is browned and no longer pink.
Stir in the diced yellow onion and sliced bell peppers, sautéing for about 5 minutes until the vegetables are tender-crisp.
Add the minced garlic, smoked paprika, sea salt, and black pepper, and cook for 1 minute until the spices are fragrant.
Add the dry jasmine rice and tomato paste to the skillet, stirring constantly for 2 minutes to lightly toast the rice and incorporate the paste.
Pour in the beef broth, lime juice, and apple cider vinegar, scraping the bottom of the pan to release any browned bits.
Bring the mixture to a gentle boil, then reduce the heat to low and cover the skillet with a tight-fitting lid.
Simmer for 15 to 18 minutes, or until the liquid is fully absorbed and the rice is fluffy.
Remove from the heat and let the skillet sit covered for 5 minutes before fluffing the rice with a fork.
Garnish with chopped fresh cilantro and serve immediately in deep bowls.