Like Water for Chocolate became
the highest grossing foreign film of
all time (until overtaken by The Postman.)

Set against a Latino cultural background,
Like Water for Chocolate is classic Magical Realism. 
I say “classic” only because Magical Realism is
often associated with Latin American authors:

Alejo Carpentier
Jorge Luis Borges
Gabriel Garcia Marquez
Carlos Fuentes
Maria Luisa Bombal, etc.

But standing tall among these giants of Magical Realism
is Isaac Bashevis Singer, a Yiddish writer from Poland
who won the 1978 Nobel Prize in Literature
for his extraordinary mastery of the technique.

An excellent collection of short stories
exhibiting Magical Realism is
The Eye of the Heart,
edited by Barbara Howe.

 The hyperlink will take you to the
Amazon.com page where you can buy the book.