In v5 we introduced 'sync', which integrates model first and database first model <-> relational model data synchronization. Your schema is likely set to 'database', so you can't do model first. Go into 'Sync' (F5) and switch the sync source for the schema to 'model', then simply create your entity and execute the sync task in the Sync tab to create the tables/fields etc. for you
https://www.llblgen.com/Documentation/5.3/Designer/Syncingrelationalmodeldata.htm
You got a popup the first time you loaded the v4 project in v5 that the sync sources were set to 'database'. You likely dismissed that popup with 'yeah whatever' or forgot all about it.
In v4, even if the relational model data was read from the database, it would still make modifications to it from the model, in v5 this is no longer possible: you work model first / database first or a mixture of both (where tables are synced with the model and the rest is synced with the DB)