My bad as I started the answer in the title and finished it in the body.
When you create your Projects just save them in the location you wish. Studio should remember where you last were and put them in the same location each time.
If you want to move existing 2011 Projects into Studio 2014 then you indeed have to copy them into your new location and then open them one at a time so Studio 2014 knows where they are and correctly applies any changes in the new Projects.xml file.
I guess you could tinker around with the projects.xml in your Projects folder and copy the entries from the 2011 one to the 2014 one, but I’d advise against this in case there are any small changes that might cause an error when you start working with 2014.
How many projects are you talking about?
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