This is an example of the complete sentence in Spanish:
Mi familia y yo preferimos desayunar en casa.
The verb "preferimos" is conjugated in the simple present tense. You could also use different verbs conjugated in the simple present, such us "solemos":
Mi familia y yo solemos desayunar en casa.
The simple present tense (''presente del indicativo'' in Spanish) is used to talk about habitual situations, routines, universal truths, facts and things happening now or in the near future.
The Spanish translation to the sentence given in English is not the same. It is:
Mi familia y yo desayunamos en casa.
In this case, the verb is in the preterite tense.
Finally, the verbs given in brackets do not go with the context of the sentence given.