Model 1 is always better, but may need some modifications
Whenever you have two reinforced concrete elements, you always need to facilitate the transfer of internal stresses between them. This is done by "mixing" their reinforcement.
For instance, model 2 will have no steel between the slab steel and the beam steel. This means that the connection between them will be very fragile and weak to horizontal shear, meaning that there's a risk of a horizontal crack like this:
With Model 1, this isn't a risk because the vertical steel from the beam ("stirrups") will resist these forces.
Model 1 also has an advantage in that it makes the beam itself stronger, since it allows the beam to behave as a much taller beam (including the height of the slab). Indeed, it even allows the beam to behave not as a rectangular beam, but as a stronger T-shape beam, using some of the slab to resist some of the beam's internal forces (how much depends on your country's standards and codes).
If the beam and the slab will be poured simultaneously, then that's it, and you can stop reading this answer.
However, if there's a chance that the beam will be built first and then the slab will be poured over it, then that means that the beam's stirrups and negative reinforcement (the longitudinal bars at the top of the beam) will be outside of the concrete when the beam is initially built but the slab hasn't yet been poured. This means that the beam's weight and that of the freshly-poured slab (before it gains enough stiffness to do anything) will have to be resisted by the "short" beam alone (without the added height from the slab), so some additional steel will be necessary:
You are basically reinforcing the same beam twice: once considering it as the short beam (without the slab), and once as the tall beam (with the slab). To avoid confusion as to how to define how much reinforcement goes into each position, here's a list:
- positive reinforcement (longitudinal steel at the bottom of the beam): calculate the necessary reinforcement for the short beam to resist the beam's and the slab's self-weight, and then calculate the reinforcement for the tall beam to resist any additional loads (dead loads, live loads, etc). Add these two numbers and you have the total necessary positive reinforcement.
- negative reinforcement (longitudinal steel at the top of the beam) and the shear reinforcement (stirrups) for the short beam: calculate the necessary reinforcement for the short beam to resist the beam's and the slab's self-weight. You may need to just put the minimum reinforcement.
- negative reinforcement (longitudinal steel at the top of the beam) and the shear reinforcement (stirrups) for the tall beam: calculate the reinforcement for the tall beam to resist any additional loads (dead loads, live loads, etc). You may need to just put the minimum reinforcement.