1. Mix together guacamole and mayonnaise. Set aside.
2. Place a flour tortilla in frying pan over medium heat.
3. Arrange half beef steak strips in center of tortilla.
4. Top with half of onion rings, guacamole, sliced red pepper and shredded cheddar cheese.
5. Use a spatula to lift sides of tortilla to wrap over filling.
6. Slide wrap onto a plate and cut in half.
7. Repeat with remaining ingredients