Begin by chopping and prepping all the ingredients.
Heat a pan with about 1 tbsp oil. When hot, toss in 16 oz mushrooms. Cook on medium-high until mushrooms have a golden crust.
Remove mushrooms from the pan and set them aside on a plate.
De-glaze the pan with a splash of wine (not the whole cup). Do not wash off any mushroom residue. Use a spatula to scrape off any bits.
In the same pan, add a little oil. Once hot, toss in 1 onion, 4 cloves garlic, 1 bell pepper, 1 tbsp tomato paste, and ½ tbsp paprika. Cook until the onion and pepper until soft, about 2 - 5 minutes.
Add the 1 cup red wine, 3 cups water, 1 carrot and 4 potatoes. Bring to a boil, then cover and let it simmer at a low-medium heat for about 20 minutes.
Once the potatoes are soft (check by piercing one with a fork or knife), add in the cooked mushrooms and ½ cup frozen peas, and let that simmer on low heat for 10 minutes or until the peas are fully thawed and soft.
Serve and enjoy with rice!