Preheat oven to 350 degrees and line cupcake Pam with liners
In a large bowl, whisk together the flour, cocoa powder, baking soda and salt together
Using a standing mixer, beat together the butter, shortening, and sugar until light and fluffy
Mix in the egg, vanilla, red velvet extract and red gel food coloring until combined
Alternating between the dry ingredients and milk, Gradually mix in the both ingredients into the mixture until combined
Scoop batter into the cupcake pans, filling 3/4 of the way
Bake in the oven for 21 minutes
Allow to cool completely