Another variation of the beef caldereta is the cheesy beef caldereta. Of course the obvious ingredients here is cheese, in fact, quick melt cheese is used. But I think ordinary cheese would suffice in cooking this caldereta because it will melt anyway when you cook it.

And another ingredient here not usually found in most local caldereta dish is the olives. You can omit it anyway if that seems to be an overkill or too expensive. You can replace it with sliced pickles because the sour and sweet taste is almost identical. And the caldereta dishes that my wife is cooking always have pickles which enhances the taste.