Season your beef with salt, Sazon, cumin, dried oregano, garlic powder, and black pepper. Give it a good rub so all those flavors mix together nicely.
In a bowl, mix together the tomato paste, white wine, and chicken broth.
Fire up your Instant Pot and hit the sauté button. Add a dash of olive oil and toss in your onions, bell peppers, and garlic. Let them sizzle for about 3 to 4 minutes until they soften up, then hit cancel.
Nestle your seasoned beef into the onion mix so it's all cozy. Add in the carrots, olives, and bay leaves (and cilantro if you're feeling fancy).
Pour that tasty tomato sauce you made earlier over the beef, then cover up your Instant Pot.
Set it to sealing and cook on high pressure for 45 minutes. Once it's done, unplug the Instant Pot and let the pressure release naturally.
Time to shred that beef right in the pot and bid farewell to those bay leaves.
Serve up your Ropa Vieja however you like – over rice, in bowls, in tacos – and don't forget to sprinkle some extra cilantro on top if you're into that! Enjoy the flavor explosion!