This Spanish rice recipe is a flavorful side dish that pairs well with Mexican or Spanish cuisine. In a medium saucepan, heat 1 tablespoon of olive oil over medium heat. Add 1/4 cup chopped onion and cook until softened, about 3 minutes. Add 1 cup of white rice and stir to coat in the oil. Add 1 3/4 cups of chicken or vegetable broth, 1/2 cup of tomato sauce, 1/2 teaspoon of cumin, and 1/2 teaspoon of chili powder. Bring to a boil, then reduce the heat to low and cover the pot. Cook for 18-20 minutes, or until the liquid is absorbed and the rice is tender. Fluff with a fork and serve.