Destem the chilies, then cut them lengthwise using kitchen scissors and remove the seeds. Combine the snipped guajillos and water in a medium sized pot. Bring to a boil and simmer over medium-high heat for 5-8 minutes.
In a blender add the thyme, Mexican oregano, Turkish bay leaves, garlic and salt. Pour in the stewed guajillos and blend on high until the sauce looks smooth, about one minute.
Rinse out the pot that the guajillos were in, and add the olive oil. Set the pot on medium-high heat.
If you have a high-powered blender, straining the sauce may not be necessary but for an extra velvety smooth sauce, put it through a strainer.
Add the sauce to the pot and stir, let it simmer for 5 minutes. Reduce if necessary to desired consistency. Cool and refrigerate up to a week.
Notes:
- This is a great sauce for enchiladas, chilaquiles, chile colorado and pozole.
- Guajillos are pretty mild, if you would like some extra heat add a couple pequin chiles.
- It freezes well. This recipe makes approximately 1 quart of sauce.