diff --git a/packages/create-react-native-library/src/index.ts b/packages/create-react-native-library/src/index.ts
index 0b8ec1190..e19018393 100644
--- a/packages/create-react-native-library/src/index.ts
+++ b/packages/create-react-native-library/src/index.ts
@@ -743,6 +743,7 @@ async function create(_argv: yargs.Arguments<any>) {
       dest: folder,
       arch,
       project: options.project,
+      bobVersion,
       reactNativeVersion,
     });
   }
diff --git a/packages/create-react-native-library/src/utils/generateExampleApp.ts b/packages/create-react-native-library/src/utils/generateExampleApp.ts
index dd82b7c56..f4e5360ef 100644
--- a/packages/create-react-native-library/src/utils/generateExampleApp.ts
+++ b/packages/create-react-native-library/src/utils/generateExampleApp.ts
@@ -35,10 +35,6 @@ const PACKAGES_TO_REMOVE = [
   'typescript',
 ];
 
-const PACKAGES_TO_ADD_DEV = {
-  'babel-plugin-module-resolver': '^5.0.0',
-};
-
 const PACKAGES_TO_ADD_WEB = {
   '@expo/metro-runtime': '~3.2.1',
   'react-dom': '18.2.0',
@@ -50,6 +46,7 @@ export default async function generateExampleApp({
   dest,
   arch,
   project,
+  bobVersion,
   reactNativeVersion = 'latest',
 }: {
   type: ExampleType;
@@ -60,6 +57,7 @@ export default async function generateExampleApp({
     name: string;
     package: string;
   };
+  bobVersion: string;
   reactNativeVersion?: string;
 }) {
   const directory = path.join(dest, 'example');
@@ -188,6 +186,11 @@ export default async function generateExampleApp({
     delete devDependencies[name];
   });
 
+  const PACKAGES_TO_ADD_DEV = {
+    'babel-plugin-module-resolver': '^5.0.0',
+    'react-native-builder-bob': `^${bobVersion}`,
+  };
+
   Object.assign(devDependencies, PACKAGES_TO_ADD_DEV);
 
   if (type === 'expo') {
diff --git a/packages/create-react-native-library/templates/common/babel.config.js b/packages/create-react-native-library/templates/common/babel.config.js
index f7b3da3b3..29f3a6069 100644
--- a/packages/create-react-native-library/templates/common/babel.config.js
+++ b/packages/create-react-native-library/templates/common/babel.config.js
@@ -1,3 +1,5 @@
 module.exports = {
-  presets: ['module:@react-native/babel-preset'],
+  presets: [
+    ['module:react-native-builder-bob/babel-preset', { modules: 'commonjs' }],
+  ],
 };
diff --git a/packages/create-react-native-library/templates/expo-library/example/babel.config.js b/packages/create-react-native-library/templates/expo-library/example/babel.config.js
index b85e43d81..4f4a86b7a 100644
--- a/packages/create-react-native-library/templates/expo-library/example/babel.config.js
+++ b/packages/create-react-native-library/templates/expo-library/example/babel.config.js
@@ -1,22 +1,40 @@
 const path = require('path');
 const pak = require('../package.json');
 
+const root = path.resolve(__dirname, '..');
+
 module.exports = function (api) {
   api.cache(true);
 
   return {
-    presets: ['babel-preset-expo'],
-    plugins: [
-      [
-        'module-resolver',
-        {
-          extensions: ['.tsx', '.ts', '.js', '.json'],
-          alias: {
-            // For development, we want to alias the library to the source
-            [pak.name]: path.join(__dirname, '..', pak.source),
-          },
-        },
-      ],
+    overrides: [
+      {
+        exclude: path.join(root, 'src'),
+        presets: ['babel-preset-expo'],
+      },
+      {
+        include: path.join(root, 'src'),
+        presets: [
+          [
+            'module:react-native-builder-bob/babel-preset',
+            { modules: 'commonjs' },
+          ],
+        ],
+      },
+      {
+        exclude: /\/node_modules\//,
+        plugins: [
+          [
+            'module-resolver',
+            {
+              extensions: ['.tsx', '.ts', '.jsx', '.js', '.json'],
+              alias: {
+                [pak.name]: path.join(root, pak.source),
+              },
+            },
+          ],
+        ],
+      },
     ],
   };
 };
diff --git a/packages/create-react-native-library/templates/native-common-example/example/babel.config.js b/packages/create-react-native-library/templates/native-common-example/example/babel.config.js
index d9addbbab..41c4bf342 100644
--- a/packages/create-react-native-library/templates/native-common-example/example/babel.config.js
+++ b/packages/create-react-native-library/templates/native-common-example/example/babel.config.js
@@ -1,17 +1,36 @@
 const path = require('path');
 const pak = require('../package.json');
 
+const root = path.resolve(__dirname, '..');
+
 module.exports = {
-  presets: ['module:@react-native/babel-preset'],
-  plugins: [
-    [
-      'module-resolver',
-      {
-        extensions: ['.tsx', '.ts', '.js', '.json'],
-        alias: {
-          [pak.name]: path.join(__dirname, '..', pak.source),
-        },
-      },
-    ],
+  overrides: [
+    {
+      exclude: path.join(root, 'src'),
+      presets: ['module:@react-native/babel-preset'],
+    },
+    {
+      include: path.join(root, 'src'),
+      presets: [
+        [
+          'module:react-native-builder-bob/babel-preset',
+          { modules: 'commonjs' },
+        ],
+      ],
+    },
+    {
+      exclude: /\/node_modules\//,
+      plugins: [
+        [
+          'module-resolver',
+          {
+            extensions: ['.tsx', '.ts', '.jsx', '.js', '.json'],
+            alias: {
+              [pak.name]: path.join(root, pak.source),
+            },
+          },
+        ],
+      ],
+    },
   ],
 };
diff --git a/packages/react-native-builder-bob/babel-preset.js b/packages/react-native-builder-bob/babel-preset.js
index 5d4f09c30..950c0e206 100644
--- a/packages/react-native-builder-bob/babel-preset.js
+++ b/packages/react-native-builder-bob/babel-preset.js
@@ -44,6 +44,7 @@ module.exports = function (api, options, cwd) {
       require.resolve('@babel/preset-flow'),
     ],
     plugins: [
+      require.resolve('@babel/plugin-transform-strict-mode'),
       [
         require.resolve('./lib/babel'),
         {
diff --git a/packages/react-native-builder-bob/package.json b/packages/react-native-builder-bob/package.json
index 1b382a5c6..f9264d44e 100644
--- a/packages/react-native-builder-bob/package.json
+++ b/packages/react-native-builder-bob/package.json
@@ -44,7 +44,7 @@
   },
   "dependencies": {
     "@babel/core": "^7.18.5",
-    "@babel/plugin-proposal-class-properties": "^7.17.12",
+    "@babel/plugin-transform-strict-mode": "^7.24.7",
     "@babel/preset-env": "^7.18.2",
     "@babel/preset-flow": "^7.17.12",
     "@babel/preset-react": "^7.17.12",
diff --git a/yarn.lock b/yarn.lock
index 50cca88d6..4ab96ae86 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -197,7 +197,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@babel/helper-create-class-features-plugin@npm:^7.18.6, @babel/helper-create-class-features-plugin@npm:^7.22.11, @babel/helper-create-class-features-plugin@npm:^7.22.15, @babel/helper-create-class-features-plugin@npm:^7.22.5":
+"@babel/helper-create-class-features-plugin@npm:^7.22.11, @babel/helper-create-class-features-plugin@npm:^7.22.15, @babel/helper-create-class-features-plugin@npm:^7.22.5":
   version: 7.22.15
   resolution: "@babel/helper-create-class-features-plugin@npm:7.22.15"
   dependencies:
@@ -590,18 +590,6 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@babel/plugin-proposal-class-properties@npm:^7.17.12":
-  version: 7.18.6
-  resolution: "@babel/plugin-proposal-class-properties@npm:7.18.6"
-  dependencies:
-    "@babel/helper-create-class-features-plugin": ^7.18.6
-    "@babel/helper-plugin-utils": ^7.18.6
-  peerDependencies:
-    "@babel/core": ^7.0.0-0
-  checksum: 49a78a2773ec0db56e915d9797e44fd079ab8a9b2e1716e0df07c92532f2c65d76aeda9543883916b8e0ff13606afeffa67c5b93d05b607bc87653ad18a91422
-  languageName: node
-  linkType: hard
-
 "@babel/plugin-proposal-private-property-in-object@npm:7.21.0-placeholder-for-preset-env.2":
   version: 7.21.0-placeholder-for-preset-env.2
   resolution: "@babel/plugin-proposal-private-property-in-object@npm:7.21.0-placeholder-for-preset-env.2"
@@ -1448,6 +1436,17 @@ __metadata:
   languageName: node
   linkType: hard
 
+"@babel/plugin-transform-strict-mode@npm:^7.24.7":
+  version: 7.24.7
+  resolution: "@babel/plugin-transform-strict-mode@npm:7.24.7"
+  dependencies:
+    "@babel/helper-plugin-utils": ^7.24.7
+  peerDependencies:
+    "@babel/core": ^7.0.0-0
+  checksum: 514e847f6ba4bac825eb0e9ae697c6ae632041d887f6cc1167f9cb989924b2f8735ec040607a02083c3a03e62f1c8973ba59a2b106ca3b55c2e2c416b51e2372
+  languageName: node
+  linkType: hard
+
 "@babel/plugin-transform-template-literals@npm:^7.22.5":
   version: 7.22.5
   resolution: "@babel/plugin-transform-template-literals@npm:7.22.5"
@@ -12827,7 +12826,7 @@ __metadata:
   dependencies:
     "@babel/cli": ^7.17.10
     "@babel/core": ^7.18.5
-    "@babel/plugin-proposal-class-properties": ^7.17.12
+    "@babel/plugin-transform-strict-mode": ^7.24.7
     "@babel/preset-env": ^7.18.2
     "@babel/preset-flow": ^7.17.12
     "@babel/preset-react": ^7.17.12