Add all the ingredients into a cocktail shaker and shake vigorously for 1-2 minutes.
Carefully pour into two glasse and serve with freshly sliced limes.
Notes
Flavor variations
Strawberry- Add 1/4 cup fresh or frozen strawberries and blend everything together. If desired, use frozen strawberries for a frozen margarita.
Watermelon- Omit the orange extract and replace it with watermelon extract.
Jalapeno- Omit the orange extract and add 3-4 sliced jalapenos. If too spicy and salty, add a little extra simple syrup. This is also known as a spicy margarita.
Blue- Add 1-2 drops of blue food coloring.
Pineapple- Replace the orange extract with pineapple extract and double the amount of simple syrup.