Advice for setting up file sharing with VMs or physical server?

Hi everyone. I currently have a 2008 R2 server full install running Hyper-V VMs (web and AD). The 2008 R2 operating system has folder and printer shares.

I am moving to a new hardware platform running 2012 R2 and would like to know how what best practice is in handling file and printer shares?

1. Would I just install 2012 R2 (with a GUI), then create the file and printer shares for the users?
2. Would I install 2012 R2 Hyper-V, then on it create VMs to hold all of the files and folder shares and printer shares? I suspect the VHDx files would group pretty large - I'm around 3TB for all of the office files already.
3. Or is there another way I should approach this?

I am flexible in putting any # of disks on the network or attached to the physical server.

Thanks!