Season the steak with salt, pepper, chili powder, and cumin.
Heat a skillet over medium-high heat and sear the steak for 4-5 minutes on each side.
Remove the steak from the skillet and let it rest.
In the same skillet, add diced onion and bell pepper; sauté until softened.
Add minced garlic and cook for an additional minute.
Stir in rice and beef broth; bring to a boil.
Reduce heat, cover, and simmer for about 20 minutes until rice is cooked.
While the rice cooks, slice the steak into thin strips.
Once the rice is ready, stir in the queso until melted and creamy.
Serve the queso rice topped with sliced steak and garnish with fresh cilantro.