01 - Set the oven to 400°F and allow to fully heat.
02 - Heat olive oil in a skillet over medium heat. Add the finely chopped onion and sauté until soft for 2 to 3 minutes, then add the minced garlic and cook for an additional 30 seconds.
03 - Incorporate the ground beef, breaking it apart with a spatula. Cook until browned for 5 to 6 minutes, draining excess fat if needed.
04 - Mix in cumin, smoked paprika, chili powder, salt, and black pepper. Cook for 1 to 2 minutes until the spices release their fragrance. Remove from heat.
05 - On a large ovenproof tray, spread half of the tortilla chips. Evenly distribute half of the beef mixture, half the shredded cheeses, and half of the sliced jalapenos over the chips.
06 - Repeat the layering with the remaining chips, beef, cheeses, and jalapenos.
07 - Place the tray in the preheated oven and bake for 8 to 10 minutes or until the cheese has fully melted and is bubbly.
08 - Remove from the oven and garnish with sour cream, guacamole, chopped cilantro, diced tomato, and sliced black olives as desired. Serve immediately while hot.