I am currently looking for a New phone to pair with my 10.1 .... I currently have a Galaxy S3 but its upgrade time .... Don't know if I Want to wait for the Note 4 or just get a Nexus 5. What do You guys think ?
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Someone has already said it, but the truth is it depends on your needs.
The Nexus 5 is a great phone if all you want is a smartphone. However, the Note 3, paired with your 10.1, offers functionality not available with the Nexus. How immersed are you into Samsung's ecosystem will also factor into which device you should get.
If you're not heavily immersed into their offerings like Samsung Link, Samsung Hub, Scrapbook, Story Album, Group Play, S-Note and others then your choice of smartphones is endless. However, if you are, then I'd recommend the Note series of devices.
I for one, depend heavily on S-Note and Scrapbook for business and personal use. I use my 10.1 to take notes at meetings. Using Samsung's cloud service those handwritten notes (which is how I prefer to take notes as opposed to typing) are instantly synced with the Note 3. If I'm at lunch or running errands I can review those notes, make handwritten edits, and know that any and all changes will be seen and realized back on the tablet. I use Scrapbook to save articles I'd like to read, or videos I'd like to see. Since the tablet and phone are synced up together it doesn't matter which device I save them to because the content is available on both.
Don't get me wrong, there are third party apps in the playstore that offer similar functionality and work very well. "Evernote" for note taking and "Pocket" for saving articles and videos work pretty much the same way, but for my purpose having it all with Samsung works best for me. Your needs may be different, but it all starts with knowing what you need in a phone, and how you intend to use it.