El Paso and Las Vegas are about 582 miles apart by road. Split the difference and you arrive near Phoenix, the city closest to the halfway point between them. That puts roughly 7 hr 15 min of driving on the El Paso side and 5 hr 22 min on the Las Vegas side — the fairest single meeting point among the cities near the middle.
That's a half-day drive from each side, so Phoenix suits an overnight or a weekend rather than a quick coffee — long enough to want a reason to stay, short enough to drive.
If Phoenix doesn't have what you're after, Tucson and Albuquerque are also close to the midpoint and worth a look — each keeps the drive reasonably balanced between El Paso and Las Vegas.
City descriptions adapted from Wikipedia (CC BY-SA); photos via Wikimedia Commons, credited above.