For context, my first board would contain a motor circuit with an L298N motor driver while my second contains a controlled heating system that uses 2 relays with PTC heating elements, DHT11 sensor, I2C LCD display, and 1 12V exhaust fan.
My input would be a 12V DC power adapter and I'm going to use it to run the motor, the fan, and the 2 heating elements.
Since I want to minimize the chances of my boards from overheating, I want to reduce the input voltage for my board to around 7V, so I want to integrate a voltage regulator circuit.
Should I include 2 voltage regulator circuits or should just utilize 1 for both boards?