In [this article] it is specified that the Music.app Library design is different from iTunes and the playlists in the Library don't get added automatically in re-indexing the shared music folder.
The article doesn't mention a workaround, and I couldn't find one in the forums. Luckily I realise the workaround takes little effort and seems (so far for me) to work well. Music.app has the ability to export the Library to a XML format. When you place this XML file next to your Music Library, it seems to work the same as sharing the iTunes Library and the playlists are automatically added on indexing the Music library.
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