Combine olive oil, lime juice, and apple cider vinegar in a medium bowl.
Stir in chipotle chili powder, ground cumin, and minced garlic, mixing thoroughly to prevent clumping of spices.
Add honey, then season with salt and pepper to taste.
Whisk vigorously for about 30 seconds until the dressing emulsifies and becomes slightly thickened.
Taste and adjust seasoning if needed, adding more lime juice for tanginess, honey for sweetness, or chipotle powder for heat.
If using optional ingredients like cilantro or lime zest, fold them in now.
Serve immediately or transfer to an airtight container and refrigerate.