In a large bowl, whisk together the olive oil, lime juice, minced garlic, ground cumin, chili powder, Hungarian sweet paprika, salt, and pepper. Add the steak strips to the marinade and let it rest for 30 minutes.
Heat some oil in a large skillet over medium-high heat. Cook the marinated steak strips for 3-4 minutes, until browned. Remove from the skillet and set aside.
In the same skillet, sauté the sliced bell peppers and red onion until tender and slightly caramelized.
Return the steak to the skillet and mix with the vegetables. Cook for another 2 minutes to allow the flavors to combine.
Warm the tortilla wraps in a dry skillet or microwave until pliable.
To serve, fill the tortillas with the steak and vegetable mixture, then add sour cream, guacamole, and fresh cilantro to taste.
Roll them up and serve immediately.
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