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While both are sure to provide a memorable stay, I suggest New Town for your first visit. This part of Prague is still extremely historical, however, it has undergone more modern development through the years so you will be closer to more modern hotels, bars, and restaurants.
In New Town, you will also be right next to the Dancing House, Wenceslas Square, and Narodni Muzeum. You will also be directly next to the art and music culture of the town, such as the classical concert venue, Art Nouveau Municipal House, or the Grand National Theatre which hosts plays, operas, and ballet.
Not to mention, a walk to Old Town is just across the bridge! The city of Prague is relatively small and easy to navigate so whichever destination you choose, you are guaranteed to have a memorable stay.
