Pat the beef dry, rub the salt and pepper all over it, place it in an oven safe roasting dish and stick a meat thermometer into the middle of the thickest part.Roast in a preheated 450F oven for 10 minutes, reduce the temperature to 275F and continue roasting until the temperature reaches the desired done-ness. (see chart below)
Remove the roast from the oven and set aside to rest, covered.
Drain all but one or two tablespoons of any grease and heat the roasting pan over medium heat.
Add the red wine and deglaze the pan.
Add the broth and simmer to reduce by half.
Mix the corn starch into the water, add to the gravy and simmer until it thickens.
Remove from heat, mix in the butter and season with salt and pepper.