Bring the meat to room temperature by setting it on the counter for about an hour.
If your oven has top and bottom elements, place the rack you will use in the middle. If you only have the top element, place your rack at the bottom level. Preheat oven to 500 degrees Fahrenheit.
Sprinkle all sides of the roast generously with salt and pepper.
Line a 2 inch deep oven safe tray with foil (to ease the cleanup) and set the meat bone down in the middle of the tray. Cook at 500 degrees for 15 minutes, then reduce the temperature to 350 and cook for another hour and 40 minutes or until the internal temperature of the meat reaches 135 Fahrenheit for medium rare, or 145 for medium.
Remove from oven and let it rest for 10 minutes before serving.