What this suffix does
The suffix -able (or -ible) takes a verb and creates an adjective meaning "that can be done" or "worth doing". From "wash" you get "washable"; from "read" you get "readable"; from "believe" you get "believable".
The mental formula: washable = can be washed. comfortable = allows you to be comfortable. When you see -able/-ible, ask yourself "what verb is in there?" and you have the meaning.
The Spanish speaker advantage
This is the easiest suffix for Spanish speakers because Spanish uses the exact same endings: -able and -ible.
washable = lavable
comfortable = confortable
possible = posible
visible = visible
responsible = responsable
In many cases the word is nearly identical in both languages. If you know the Spanish word, the English one is almost the same.
When to use -able vs -ible
Practical rule: if you can identify a clear English verb (wash, read, drink), use -able: washable, readable, drinkable.
If the word comes from Latin and there is no obvious English verb, it is likely -ible: possible, visible, responsible, horrible.
No rule is 100% reliable, but most new words formed today use -able. When in doubt, -able is the safer bet.