To make Chile Simple Syrup: Mix dried chiles, sugar and water in 1-quart saucepan; heat to boiling over medium heat. Remove from heat; add serrano chiles, and steep for 20 minutes. Remove serrano chiles, and let stand 40 to 50 minutes or until cool. Strain syrup into glass jar. Discard solids. Cover jar, and refrigerate until needed. Makes 1 cup.