Vampire Vodka Cocktail

Syrup: Bring agave, pomegranate juice, and beet to a boil in a saucepan. Strain, then return mixture to pan and bring to a boil. Cook over medium-high heat until syrup has reduced to 3/4 cup, 5 minutes. Let cool completely. Syrup yields enough for 8 and can be refrigerated up to 1 month.

Cocktail: Pour vodka and both juices over ice. Sweeten with syrup to taste.