Start by carefully cutting the habanero peppers in half and removing the seeds (for less heat, remove the membrane as well).
In a small saucepan, heat the olive oil over medium heat. Add the garlic cloves and sauté for about 1-2 minutes until fragrant.
Add the habaneros to the pan and cook for an additional 2-3 minutes, stirring occasionally.
Remove the peppers and garlic from heat. Transfer to a blender or food processor.
Add the vinegar, water, salt, sugar, cumin, paprika, and lime juice to the blender. Blend everything until smooth.
Taste and adjust the seasoning. If you like it sweeter, add honey or a few cubes of mango for a tropical twist.
Once fully blended, pour the sauce into an airtight jar or bottle and store in the fridge.
Allow the sauce to sit for a few hours (or overnight) to let the flavors meld before using.