I have no experience with more than one dog, but I would definitely give the new puppy his/her own kennel, and place it close to Lola.
You don't know how your established baby is going to react to "competition." She may hate the idea of someone else sharing her home and her family, and might injure the pup. She might even injure the pup accidentally, just by not being able to see her butt when she turns around.
I can think of a lot of scenarios that would make me nervous about them sharing a crate or kennel.