In SQL Server Management Studio, if you put both statements into a query window, you can press CTRL-L (for Display Estimate Query Plan). This will give you an estimated cost for each query in respect to the others in the batch. In the example below, you can see that my first query had less cost compared to the 2nd one.
If you press CTRL-M (for Display Actual Execution Plan) you'll get the same but with actual execution statistics. There are always exceptions, but SQL is super-smart and Estimated is accurate.
Query 1: Query cost (relative to the batch): 25%
Query 2: Query cost (relative to the batch): 75%
There are many factors to consider when comparing and optimizing queries, this is just one easy way to get an idea. It's also easy to understand as you only have to compare two numbers in relation to each other.
Using your example as an example: Both of your queries could be doing a table scan against a calculated field with no index on a remote server. Sure, they may both come back 50%/50% (meaning they have the same cost) but they're still going to be inefficient.
And reminder that "Cost" does not actually mean "quicker". You can have very inefficient query that runs "quick" because it only returns 10 records in 1-min verses a highly optimized query that returns a million rows of data but takes 10-min to run.