Preheat oven to 400 degrees F.
Prepare the peppers - make sure you're wearing gloves. (Hot peppers will burn your skin!)
Cut the puma peppers in half, and the bell peppers and onion pieces in similar sizes.
Place pepper and onion pieces in the 8 x 8 pan and toss with olive oil.
Roast in the hot oven for around 25 minutes, stirring every 10 minutes.
Add the minced garlic and cook for 5 minutes longer.
Check doneness level. If needed, broil the peppers for 1 to 2 minutes for extra browning.
Turn off the oven, crack the door, and leave the pan in the oven to cool for 5 minutes.
Add the roasted peppers, onion, garlic mixture to your blender. Pulse a few times to start blending, then add the other ingredients: vinegar, water, honey, salt, and optionally - lime juice.
If your sauce is too thick, try thinning with a tablespoon of vinegar (or more lime juice) at a time.
Pour into a glass jar and store in the fridge overnight to allow the flavors to meld.
Store in fridge and use within 2 to 3 months.