I am 5'2" on tall days (although the doc tells me that I am now 5'1" on very tall days). My trek has a waterbottle brazeon below and above the derailleur. it helps to get the bottle out. I also have on the underside but I use that one for my pump.

has anyone considered the side pull out cages? I like to use a frame bag and that makes it a bit harder to pull out the bottle when I am cycling