Let $a,b \in \mathbb{Z}^{+}$ be numbers with different parity. Prove that if $\frac ab$ cannot be simplified further, then $\frac{a-b}{a+b}$ also cannot be simplified further.
Let $a$ be even, so $a=2k$ and let $b$ be odd, so $b=2k+1$ for any $k \in\mathbb Z$.
We can show that $\frac{a}{b}=\frac{2k}{2k+1}$, which cannot be simplified further.
Then,
$$\frac{a-b}{a+b}=\frac{2k-(2k+1)}{2k+2k+1}=\frac{1}{4k+1}$$
and from this we can clearly see that expression $\frac{a-b}{a+b}$ cannot be simplified further. Is this a correct approach?
If you mean $\frac ab$ is the lowest term, then your attempt is not correct. The correct attempt can be considered as follows:
"Let, $a=2m,\thinspace b=2n-1$ or $a=2m-1,\thinspace b=2n$ where $m,n\in\mathbb Z^{+}.$
But, we can continue in a simpler way:
Suppose that,
$$\gcd(a-b,a+b)=k,\thinspace k>1$$
where $\gcd(a,b)=1$ and $a,b$ have different parity with $k=2z-1, \thinspace z\in\mathbb Z^{+}$. Then we have,
$$a-b=mk, ~a+b=nk$$
where $\gcd(m,n)=1$.
If $k≥3$ and $k=2z-1,\thinspace z\in\mathbb Z^{+}$, then we conclude that
$$2a=k(m+n)\implies k\mid a\\ 2b=k(n-m)\implies k\mid b$$
This means $\gcd(a,b)≥k>1$, which gives a contradiction.