Combine your cubed meat and flour in a large bowl until well coated.
Melt butter in large Dutch oven over medium high heat and add 2 tablespoons oil.
In batches cook the meat until browned, about 3-4 minutes per side. Add more oil if needed.
Remove the meat to a plate and cover with foil to keep warm.
Add the remaining oil, followed by the carrots and onion. Saute for 4 minutes.
Add wine to pot and bring to a boil. Then reduce heat to simmer and liquid is reduced by half (about 10 minutes).
Add tomato paste and the remaining 7 ingredients. Cover the pot and bake for 2 hours in preheated oven.
Remove bay leaves when ready to serve.
Notes
*Use a good quality red wine - I suggest Pinot Noir. Remember always cook with a wine that would drink. **If after cooking your stew you desire a more thicker consistency I suggest adding a mixture of 2 tablespoons cornstarch and 2 tablespoons water