Not an option to select as default, but you can remove all devices you don't need from the list by going to:
Select device > Add additional devices, and uncheck 'Show as run destination'. As I'm a beginner and only focussing on learning stuff I'm simply only using the iPhone 12 mini so it will be selected as default when starting a new project.
Topic:
Developer Tools & Services
SubTopic:
Xcode
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