In a pot, combine rice, water, lemon peel, and cinnamon stick.

Cook until the rice is fully cooked, absorbing most of the water.

Remove the lemon peels and cinnamon stick.

Stir in milk (room temperature), vanilla extract, salt, and condensed milk.

Cook at medium-low temperature, stirring frequently, until the pudding thickens (approximately 1 hour).

Serve warm and let guests add cinnamon powder as desired.