Prepare the Mashed Potatoes: Start by boiling the peeled and cubed potatoes in a large pot of salted water. Cook until the potatoes are fork-tender (about 15 minutes). Drain the potatoes and return them to the pot. Add butter, milk, salt, and pepper. Mash the potatoes until smooth and creamy. Adjust seasoning to taste and set aside, keeping them warm.
Caramelize the Onions: While the potatoes are cooking, heat butter and olive oil in a large skillet over medium heat. Add the sliced onions and cook, stirring occasionally, until the onions begin to soften and turn golden brown (about 10 minutes). Sprinkle in the brown sugar and pour in the balsamic vinegar. Stir to combine and cook for another 5-7 minutes until the onions are fully caramelized and the sauce has thickened. Season with salt and pepper to taste. Remove from heat and set aside.
Cook the Ribeye Steaks: Heat olive oil in a large skillet over high heat. Season the ribeye steaks generously with salt and black pepper. When the oil is hot, add the steaks to the skillet and cook for 4-5 minutes per side (for medium-rare), or adjust the cooking time to your preferred doneness. Add minced garlic and fresh thyme to the pan during the last minute of cooking. Once the steaks are cooked to your liking, remove them from the skillet and let them rest for 5 minutes. Add butter to the skillet and swirl to melt, then pour the melted butter over the steaks.
Assemble the Dish: To serve, plate a generous portion of mashed potatoes, place the ribeye steak on top, and spoon the caramelized onions over the steak. Garnish with fresh chives for a touch of color and freshness.
Serving and Storage Tips:
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