Preheat and prep: Heat your oven to 400°F (200°C). Lightly grease a 9x13-inch baking dish. Pat the chicken dry with paper towels.
Mix the spice blend: In a small bowl, combine chili powder, cumin, smoked paprika, onion powder, garlic powder, oregano, salt, black pepper, and cayenne (if using).
Season the chicken: Toss chicken with 1 tablespoon olive oil and half of the spice blend until well coated.
Spread the chicken evenly in the baking dish.
Layer the veggies: In a bowl, toss peppers and onion with the remaining 1 tablespoon olive oil and the rest of the spice blend. Scatter the veggies over the chicken.
Add saucy elements: Pour the drained tomatoes with green chiles and chicken broth evenly over the top. Dot with the cream cheese cubes.
Bake uncovered: Place the dish in the oven and bake for 20 minutes.
The veggies should start to soften and the chicken will begin to cook through.
Stir and finish baking: Carefully remove the dish and stir everything to help the cream cheese melt and coat the chicken and veggies. If using beans, corn, or cooked rice/cauliflower rice, fold them in now. Return to the oven for 10–12 minutes, or until the chicken is cooked through (internal temp 165°F/74°C) and the vegetables are tender.
Add the cheese: Sprinkle Monterey Jack and cheddar evenly over the casserole.
Bake for 5–7 more minutes, until the cheese is melted and bubbling.
Brighten it up: Squeeze fresh lime juice over the top and sprinkle with chopped cilantro. Taste and adjust salt if needed.
Serve: Spoon into bowls and add your favorite toppings. Offer warm tortillas or tortilla chips on the side if you like.