Using DVDAS 5.0 build 157 The only place I can find the option for Blu-Ray is the New Project template. Making a BD isn't a default under the File menu as indicated in the help file.
When you select File > New, a dialog box comes up where you can select your project details, including whether BD or DVD. There is a little box you can tick in the bottom left hand corner labeled "Start all projects with these settings", which sets the default for the next time.