In a saucepan bring enough water to a boil to cover the potatoes by 1 inch. Boil the diced potatoes for 5 minutes. Drain and set aside.

While the potatoes are cooking, melt the butter in a pan/skillet over medium heat. Add the onions and peppers, cook stirring occasionally until they are soft and translucent. Remove those from the pan and set aside.

In the same pan, add a little olive oil about 1/2 tbsp and add in the potatoes. Season with the salt, pepper, paprika and garlic powder. Stir it up. Add more olive oil if the potatoes seem like they are dry. Cook for 15 minutes or until the potatoes are nice and golden.

Add the onions and peppers to the golden potatoes and cook for two minutes.

Remove from the heat, serve and enjoy.