Rinse the rice with cold water and drain.
In a large pot, place the water, cinnamon and rice, let it cook over medium-low heat for 20 minutes. Cover pot with lid.
2 cups water, 1 large cinnamon stick (or 2 medium ones), ½ cup white rice
When the rice is cooked, remove a cup of the cooked rice. Place it in the blender and add 2 cups of milk, process until you have a smooth consistency.
4 cups whole or 2 % milk
In same pot, add the remaining amount of milk and evaporated milk, keep over medium-low heat until it heats through, being careful not to let it boil.
1 can evaporated milk
When it's almost boiling, add the previously pureed rice, condensed milk and vanilla. Mix to incorporated well.
½ can condensed milk, 1 teaspoon vanilla extract
Stir continuously to prevent the milk sticking to the pot at the bottom. Cook until it comes to a boil or has thickened slightly.
Serve hot and accompany with your favorite pan dulce.