Heat the butter and olive oil in a nonstick skillet. Add the diced beets, toss them to coat, and sauté over low heat, stirring, until the beets are soft. This will take about 15 minutes.
Meanwhile, in a medium bowl, combine the sour cream, lime juice, cumin, paprika, red onion, jalapeño, cohiba and 2 tablespoons of the chives, and stir until blended. Set aside.
When the beets are done, salt and pepper to taste, then stir into the salad ingredients. Sprinkle the rest of the chives on top, and serve warm.