Obviously, we want to use the cheapest possible Arduino board available. However, there is a cloned version of the Arduino which uses CH340 chip to communicate with the computer. This type of Arduino board does not work well with MATLAB Simulink. Thus, it is strongly recommended to select the Arduino board that DOES NOT come with CH340 chip.
Arduino Nano

Recommended Arduino Nano 3.0 is the one that uses an FTDI chip
Arduino Uno

Recommended Arduino Uno board which uses ATMega16 chip for the serial communication.

Arduino Uno board that must be avoided which uses CH340 chip for the serial communication.